Saturday, 25 January , 2020     |     1051      |      +      |     

Kuwait investor announces $8bn petroleum refinery in Jordan

Kuwait investor announces $8bn petroleum refinery in Jordan : Google
  • Business

The estimated cost of a petroleum refinery complex which will be set up in the southern Jordanian city of Ma’an has reached nearly $8 billion, Kuwaiti investor Sheikh Mishaal Al Jarrah Al Sabah announced yesterday.


Speaking to reporters in the Jordanian capital Amman, Al Sabah said the complex, which is expected to begin production during the second half of 2024,  is divided into two projects.

“The first is an oil refinery with a refining capacity of 150,000 barrels of  crude oil per day for export purposes, and the second is a petrochemical complex,” Jordan’s Petra news agency reported.

Al Sabah said the project is a joint investment by Jordanian, Kuwaiti and American investors.

Kuwait Today Business Subscription


Category: #Business | 2020/01/25 latest update at 12:30 AM
Source : MEMO | Photocredit : Google
1052
Comments Add comment

Latest Comments


  
  LinkedIn Gulf Media

Sponsored Publications


Related Articles

The editorial staff of Kuwait Media would like to give all of its readers from Gulf and Kuwait and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Kuwait Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Kuwait, the Gulf and the world.


Latest searches in Kuwait Today