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KNPC executes its 2nd largest venture at USD 1.4 billion

Kuwait National Petroleum Company (KNPC)
Kuwait National Petroleum Company (KNPC)
KUWAIT, Feb 19 (KUNA) -- The fifth gas liquefaction unit is the second largest venture launched by Kuwait National Petroleum Company (KNPC), the company said in a press release issued on Tuesday.
The venture envisages building a new unit at Al-Ahmadi refinery for treating natural gas; extracted from the KNPC fields, at a cost of KD 428 million (USD 1.4 billion).
Up to 88 percent of the project, including architectural and constructions works, has already been executed, with 20 million trouble free work hours.
The press release added that the acid gas project recorded 4.6 million work hours, reflecting the company keenness on applying terms and regulations for public health and environmental safety. (end_ osj.rk