Emerging markets are exploring opportunities to help meet the EU's energy demand following the bloc's announcement that it will ban seaborne imports of oil from Russia.
Jamal Iesa Al-Loughani, DMD International Marketing, Kuwait Petroleum Corporation (KPC)
Kuwait prioritises exports and flexibility as demand for crude continues to grow
In this Global Platform video, Jamal Iesa Al-Loughani, DMD International Marketing, Kuwait Petroleum Corporation (KPC), talks about Kuwait Export Crude and upcoming plans for the future. In response to growing demand, KPC will begin to export its new heavy crude material in 2020. Important developments for 2020 also include the new clean fuel project, which will introduce over 800,000 barrels per day of refined product, and the opening of a new refinery in Al Zour. Furthermore, a new onshore receiving terminal for liquefied natural gas is set to supply most of Kuwait’s gas requirements.