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Kuwait Integrated Petroleum Industries Company

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State of Kuwait
Kuwait Integrated Petroleum Industries Company (KIPIC)
الشركة الكويتية للصناعات البترولية المتكاملة
Kipic.jpg
Agency overview
HeadquartersArabian Gulf St, Salmiya Kuwait
Agency executive
  • Hashem Sayed Ahmad Hashem Ali, Chief Executive Officer
Parent agencyKuwait Petroleum Corporation
Websitehttp://kipic.com.kw

Kuwait Integrated Petroleum Industries Company (KIPIC) is a subsidiary of Kuwait Petroleum Corporation (KPC). It was established by the State of Kuwait in 2016.[1][2][3]

Overview[edit]

KIPIC was launched on May 1st 2017 and is responsible for operating and managing refining, liquefied natural gas & petrochemicals activities of Al-Zour complex. KIPIC consists of three facilities, currently under construction and anticipated to be operational from 2019 to 2024.[4][5][6]

KIPIC uses petrochemical process technology from Honeywell UOP.[7][8]

KIPIC's facilities[edit]

  • Al Zour Refinery: with target date of completion by June 2019.[9][10][11][12][13]
  • LNG Import: liquefied natural gas import facility -: this terminal is expected to be completed in December 2020, with an operations start date of February 2021.[4][6][14][15]
  • Petrochemical facility: with an expected completion date of January 2019. The engineering, procurement and construction phase is planned to be completed in July 2023, with an operations start date in February 2024.[4][16]

References[edit]

  1. "Ministry approves new oil company - 'Kuwait Integrated Petrochemical Industries Company' - Kuwait Times". Kuwait Times. 2016-10-10. Retrieved 2018-06-23.
  2. ""KIPIC" تستكمل إنطلاقتها الفعلية بتعينات جديدة".
  3. "Kuwait constructs US$6 billion oil firm- Insights Success". Insights success. 2016-10-12. Retrieved 2018-06-23.
  4. 4.0 4.1 4.2 "ARAB TIMES: KIPIC to play key role in boosting private sector growth" (PDF). Arab Times. 2017-05-01.
  5. "KUNA : KNPC, PIC agree to shift key oil projects to KIPIC - General - 02/05/2017". www.kuna.net.kw. Retrieved 2018-03-27.
  6. 6.0 6.1 Barbuscia, Davide. "Kuwait Petroleum plans $2.6 bln loan for LNG terminal -sources". Reuters U.S. Retrieved 2018-06-23.
  7. "Kuwait Integrated Petroleum Industries Company To Expand Al-Zour Refinery With Honeywell Technology". Honeywell. Retrieved 2018-03-05.
  8. "Kipic Picks Honeywell Tech to Expand Refinery". Trade Arabia. 2017-11-27. Archived from the original on 2018-11-17.
  9. "KIPIC invests KWD 1.5bn in Al Zour refinery". Retrieved 2018-06-23.
  10. "KIPIC – the newly-formed multi-activity oil company - Company requires foreign expertise - ARAB TIMES - KUWAIT NEWS". ARAB TIMES - KUWAIT NEWS. 2017-07-23. Retrieved 2018-06-23.
  11. "First Modules Arrive for the KIPIC Al-Zour Project - New York Times". markets.on.nytimes.com. Retrieved 2018-06-23.
  12. "Kuwait's Al-Zour integrated refining complex progressing as planned". www.ogj.com. Retrieved 2018-06-23.
  13. "KIPIC: No delay in Al-Zour Refinery project; work proceeding by leaps and bounds - Kuwait Times". Kuwait Times. 2017-12-16. Retrieved 2018-06-27.
  14. "Kuwait Petroleum plans loan for LNG terminal". LNG Industry. 2018-05-23. Retrieved 2018-06-23.
  15. "Kuwait to borrow $3.3bn to finance gas import project". Middle East Monitor. 2018-05-14. Retrieved 2018-06-23.
  16. "Grace licenses polypropylene process technology to KIPIC, Sinochem". www.hydrocarbonprocessing.com. Retrieved 2018-03-27.

External links[edit]


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