<Therre Bacckk – It looks like next coker cycle is building up with all hold/canceled projects from current coker cycle. CRandall>
Published: Monday October 19, 2009 MYT 7:44:00 AM
Kuwait to revive US$14 billion refinery project
KUWAIT CITY: Kuwait’s development minister says the government will revive the US$14 billion project to build its fourth oil refinery, which was scrapped in March on corruption allegations.
Sheik Ahmed Fahd Al Ahmed Al Sabah said Sunday the Cabinet’s plan of action which will be submitted to parliament includes building the refinery south of Kuwait City.
His remarks were carried by the Kuwait News Agency.
He did not provide any further details.
Lawmakers originally accused officials of profiteering from the project because the contracts to build it did not go through a central bidding committee.