Mubasher: Kuwait National Petroleum Company (KNPC) plans to offer around four mega investment opportunities to the private sector.
The total investments of the new opportunities amounted to $500 million, sources familiar with the matter said.
KNPC’s first project entails setting up Linear alkylbenzenes factory at $203 million in investments, they noted.
The second project aims at producing Aromatic, with a total value of $134 million, sources told Al Anba newspaper.
Moreover, the third project targets extracting vanadium and molybdenum with a cost of $40 million, while the last plant will produce black carbon through heavy oil at $119 million in investments.
KNPC, which is one of the world's top refiners, is expected to invest up to $25 billion until 2040, according to the sources.
The Kuwaiti company will complete 9 megaprojects by the end of 2023 with total investments of KWD 6.7 billion.