LOC17:05
14:05 GMT
Third Gulf Cooperation Council (GCC) Energy Strategy Forum
KUWAIT, Jan 25 (KUNA) -- Kuwait's Vietnam Refinery will begin operating in July with a capacity of 2,000 barrels per day (BPD), CEO of Kuwait Petroleum International (KPI) Bakheet Al-Rashidi said on Wednesday.
In a statement to the press on the sidelines of the third Gulf Cooperation Council (GCC) Energy Strategy Forum, Al-Rashidi noted that KPI is currently testing the refinery's equipment before activating the main units.
Moreover, he added that the project is part of the company's efforts to look into lucrative investments to boost its revenue and lure the global refining industry to do business with the company.
On the status of KPI, Al-Rashidi said that the company is a powerhouse in Europe, where it distributes around 450,000 BPD.
The forum will feature discussions over developments in the global market and its effects on Gulf nations, while aiming to promote regional investment in the energy sector. (end)
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