Kuwait’s Al-Zour Refinery Achieves Record Output
In a groundbreaking development, Kuwait’s Al-Zour Refinery has hit a record high daily output of 615,000 barrels, aligning perfectly with the country’s ambitious plans to ramp up oil refining capacity.
Key Output Breakdown
The state-run Kuwait Petroleum Corp.’s flagship facility churns out a whopping 86,000 bpd of premium naphtha, 99,000 bpd of jet fuel, and 147,000 bpd of low-sulfur diesel on a daily basis, as per the latest report by the Saudi Press Agency.
Global Rankings and Impact
Al-Zour, the second-largest refinery in the Middle East and the seventh largest in the world in terms of daily capacity, is set to significantly boost Kuwait’s crude oil exports and enhance its global competitiveness by producing top-notch oil-based products.
Economic Significance
Oil continues to dominate Kuwait’s exports, accounting for 95% of total exports and 90% of government export revenue, as per the International Trade Administration. OPEC data reveals that the country’s crude oil exports hit 1.879 million bpd in 2022, with oil contributing $41,493 to the GDP per capita.
Environmental Commitment and Future Prospects
Operating at full throttle while keeping carbon emissions in check, Al-Zour refinery stands as a testament to Kuwait’s dedication to environmental sustainability. The facility is poised to elevate KPC’s regional standing and play a crucial role in achieving the company’s overarching objectives.
Global Impact and Industry Transformation
The opening of Al-Zour refinery marks a new chapter in Kuwait’s oil industry, acting as a catalyst for increased output capacity while adhering to stringent environmental standards. The facility’s completion has already benefitted around 30 countries worldwide through heightened Kuwaiti oil exports.