Recently added articles from APS Review Downstream Trends:
Kuwait Is Consolidating Trans-National Refining & Retail Operations.
Jun 22, 2009 ... State-owned Kuwait Petroleum Corp (KPC) has been described as "the eighth sister", with upstream and downstream systems operating in various parts of the world. KPC is investing $4.5 bn on overseas acquisitions to consolidate operations on both sides of Suez. Minor interests in some ...
KPC Market Shares West Of Suez.
Jun 22, 2009 ... KPC keeps a low profile in North and South Americas, with a relatively limited investment portfolio in the US. Most units of Santa Fe Int'l, which KPC bought for $2.5 bn in late 1981, were gradually sold at premium ...
The US Market.
Jun 22, 2009 ... The US oil market remains of strategic importance to Kuwait, a point stressed repeatedly by succeeding Kuwaiti oil ministers. A major part of Kuwait's crude oil exports moves to the US market and KPC wants to see the volume increase in the coming years. This is mainly because of Kuwait's ...
The European Market.(Industry overview)
Jun 22, 2009 ... Most of KPC's west of Suez operations are located in Europe, where KPI has a network of almost 5,000 service stations rationalised and improved in recent years, compared to almost 7,500 stations in 2000. These give KPI a 6.8% share of the West European market: 24% in Denmark, 17% in ...
The Danish Market.
Jun 22, 2009 ... KPI expanded its Danish operations in April 1987 through the purchase of most of the interests of BP's subsidiary in that country, BP Olie Kompaniet A/S (BP OK). The deal brought KPI an additional 389 filling stations together with a nationwide home-heating, ...
The Belgian Market.
Jun 22, 2009 ... In September 1998, BP sold its Belgian network of 157 gasoline stations to KPI. Their ownership was transferred in the following month, when the Q8 brand was introduced. This boosted KPI's share of the Belgian market from 7% to more than 8.5%. The BP network was small and did ...
The British Market.
Jun 22, 2009 ... KPI entered the UK market in October 1986 when it purchased a 10.3% stake in Hays Petroleum Services, giving it control of 821 service stations (although later it reduced its holding to 2.96%). At the same time, KPI took over another retailer Pace Petroleum. In March 1987 KPI ...
The Italian Market.
Jun 22, 2009 ... In January 1984 KPI bought Gulf Oil's downstream assets in Italy, consisting of 1,500 stations and a closed oil refinery in Sarni. The retail outlets gave KPC a 3% share of the Italian market and doubled the size of KPI's European network. The refinery had been closed by Gulf Oil in 1982 ....
Kuwait's Petrochemical Industry.
Jun 15, 2009 ... The petrochemical sector in Kuwait is expanding despite the global recession and losses incurred by producers in various parts of the world. But the 2008 net profit of Equate Petrochemical Co. (Equate) only fell 11%, with this JV with Dow Chemical of the US having had a strong performance ...
The Global & Regional Prospects For Plastics.
Jun 15, 2009 ... World demand for plastics produced in the Arab Gulf Co-operation Council (GCC) region this year has fallen. But it will rise in 2010/11, according to a market forecast released on April 15 by US consulting firm Frost & Sullivan. F&S forecast a 4.7% fall in demand in 2009, but it expected a ...
The Regional Perspective For Fertilisers.
Jun 15, 2009 ... Net profits at listed MENA fertiliser firms in 2008 rose 97.7% despite suffering losses totalling $20.5m in the fourth quarter of the year, according to a report by Kuwait's Global Investment House (GIH) out in May. The combined profits of the five companies rose from $882.4m in 2007 to ...
Kuwait's Olefins Business & Dow's Role.
Jun 15, 2009 ... Dow's CEO Andrew Liveris made his first trip abroad in early March 2005 to Kuwait to attend the ground-breaking ceremony for the Olefins-II and styrene projects in the Shu'aiba industrial zone. With a seismic shift then taking place in the global petrochemical industry to areas of low-cost ...
Equate.
Jun 15, 2009 ... Kuwait's first olefins complex at Shu'aiba, an expanding industrial zone south of Kuwait City, began full production on Nov. 12, 1997. It was the largest downstream project involving foreign investment in the Gulf since the 1991 war. It is owned by two companies: (1) Kuwait Olefins Co ....
PIC's Operations.
Jun 15, 2009 ... Established in 1961, PIC was then partly owned by the private sector. In 1980 it became a wholly-owned subsidiary of KPC, with private holdings bought by the state in the 1970s. PIC operates Kuwait's only fertiliser complex in Shu'aiba, where the first plant was commissioned in 1966. A ...
The Kuwaiti Oil Refining Sector.
Jun 08, 2009 ... Kuwait National Petroleum Corporation (KNPC), the oil refining and fuel distribution arm of the state-owned Kuwait Petroleum Corp (KPC), has allocated $30 bn to invest in the refining sector by 2012, including the fourth refinery at al-Zour and the Clean Fuels Project (CFP) to upgrade the ...
The Cycle Of Uncertainties.
Jun 08, 2009 ... The printing of an unusually high volume of dollars by the US is creating an unusual situation around the world: mounting inflation. Of course, the alternative to printing more dollars would have been crippling deflation, which would have been far more dangerous. In one of his annual ...
KPC Still Looking For Al-Zour Partners.
Jun 08, 2009 ... For years and on behalf of its unit KNPC, KPC has been negotiating with Asian and Western IOCs about taking a stake of up to 40% in the proposed fourth refinery. But the plant's high cost estimates, combined with the uncertainty about future world fuel demand, have been the main obstacle ...
The Clean Fuels Project.
Jun 08, 2009 ... The $18-18.5 bn CFP is necessary not only for its economic feasibility but more so because Kuwait has serious environmental problems which means the emirate is in dire need of cleaner energy for the domestic market. Under the CFP, the upgrading of the Mina Ahmadi and Mina Abdullah ...
Coping With Cancellation Damage Claims.
Jun 08, 2009 ... KNPC's Chairman and CEO Farouq al-Zanki in May 2009 and some of his legal aides went to South Korea and Japan for crisis discussions with contractors affected by the cancellation of jobs awarded for al-Zour's project. His mission was to settle disputes with contractors having worked on the ...
The Upgrades.
Jun 08, 2009 ... On the sidelines of Hart Energy's World Refining & Fuel conference in Beijing Nov. 9, 2006, KPC Deputy Managing Director of International Marketing Hamzah A. Bakhash said KNPC was set to add 110,000 to 150,000 b/d of crude oil processing capacity at its existing refineries by 2012, nearly ...