(MENAFN- Arab Times) Kuwait Petroleum International (KPI) CEO Nabil Bourisli
KUWAIT CITY, April 29, (KUNA): Kuwait Petroleum International (KPI) CEO Nabil Bourisli on Sunday said the Kuwaiti, Vietnamese and Japanese 'Nghi Son Refinery' successfully produced Octane 92 petrol in line with the specifications of the Directorate for Standards, Metrology and Quality of Vietnam. The first shipment of Octane 92 petrol, 5 million litre, is slated to be offered for sale on May 1, Bourisli told KUNA, adding that gradual experimental operation was successful.
Kuwait's Oil Minister and Minister of Electricity and Water Bakheet Al-Rashidi highly appreciated KPI for the company's leading vital projects and active partnerships serving the goal of increasing Kuwait's refining capacity. This is a part of the efforts to raise Kuwait's overseas refining capacity to 800,000 barrel per day (bpd) by 2030, in line with the company's 2040 strategy, the minister told KUNA. Al-Rashidi also thanked the team in charge of the Nghi Son Refinery.
The Nghi Son Refinery and Petrochemical LLC is one of the major projects in Asia, refining up to 200,000 of Kuwaiti oil daily to meet the growing demand on oil products in Vietnam. The project, whose full commercial operation is expected in August, is located in Nghi Son region, about 200 kilometers south of the capital Hanoi, northern Vietnam. KPI and Japan's Idemitsu Kosan own equal share of 35.1, in the Nghi Son joint project, PetroVietnam 25.1 percent and Mitsui Chemicals Inc 4.7 percent
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