Kuwait
Kuwait Petroleum to lead CDU capacity additions

Kuwait Petroleum Corp is expected to lead new-build crude distillation unit (CDU) capacity additions in the global refinery industry from planned and announced projects between 2019 and 2023, contributing around 5% to global CDU capacity growth by 2023, according to GlobalData, a leading data and analytics company.
The company’s report, ‘H2 2019 Global Capacity and Capital Expenditure Outlook for Refineries – Nigeria Leads Global Refinery CDU Capacity Additions’, reveals that Kuwait Petroleum Corp will have new-build refinery CDU capacity of 830 thousand barrels per day (mbd) by 2023 from planned and approved projects.
READ: Kuwait Petroleum Said to Reassess $500 Billion Spending Plan
Dipayan Chakraborty, Oil and Gas Analyst at GlobalData, comments: “Kuwait Petroleum Corp is expected to add three new-build refineries during the outlook period. Among these, Al-Zour in Kuwait is the largest refinery and is expected to start operations in 2020. The CDU capacity of this cracking-type refinery will be 615 mbd.”
According to the report, Dangote Industries Ltd will be the second-highest company in terms of new-build CDU capacity additions with 650 mbd by 2023. The Lagos I refinery in Nigeria is the only planned refinery in the company’s portfolio.
-
Banking & Finance1 month ago
Oman Arab Bank Announces Increase of Authorised Capital to RO500mn and Paid‑In Capital Boost of RO50mn
-
Bahrain1 month ago
SPIEF 2025 focused on global and regional economic processes, market transformation, new tech, investment climate, financial policy and people
-
Banking & Finance2 months ago
Central Bank of Oman Issues Regulatory Framework for Digital Banks
-
Banking & Finance4 weeks ago
National Finance Reinforces Position as Partner for Growth, Offers a Comprehensive Product Suite to Support Customer Ambitions
-
Energy1 month ago
Russian Energy Week from October 15-17, 2025 offers alternative formats of cooperation
-
OER Magazines1 month ago
OER, June 25
-
Banking & Finance2 months ago
The Future of the International Financial System to be discussed at SPIEF 2025
-
Retail2 months ago
All services are moving toward personalisation says Tatyana Kim, Founder of Wildberries and Head of RWB