Kuwait imports $1b gasoline | kuwaittimes

Kuwait imports $1b gasoline

February 18, 2021 | 06:30 p.m EDT

KUWAIT: Kuwait Petroleum Corporation (KPC) resorted to purchasing gasoline for KD 135 million ($450 million) from the direct market during the 2019-2020 fiscal year to meet the increased local demand. Delays in some capital projects, including the construction of gasoline production units in oil refineries, have forced KPC to import the fuel from abroad, Al-Anba Arabic daily reported.

Official oil sources said Kuwait National Petroleum Company (KNPC) bore the cost of importing gasoline for $1 billion during the period from April 2018 to March 31, 2020, due to the delay in completing the Clean Fuel Project. The company seeks to meet the local market's demands after the start of operating gasoline production units within the Clean Fuel Project in the Mina Al-Ahmadi and Mina Abdullah oil refineries.

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February 18, 2021 06:30 PM

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