Daewoo Engineering & Construction Co., Tecnicas Reunidas SA and Hyundai Heavy Industries Co. are among companies that signed contracts today to build Kuwait’s $16 billion Al Zour oil refinery, which will more than double the nation’s processing capacity. The refinery, with a capacity of 615,000 barrels a day, will raise Kuwait total refining capacity to 1.4 million barrels a day when completed in July 2019, Mohammad Ghazi Al-Mutairi, chief executive officer of state-owned Kuwait National Petroleum Co., said at the signing ceremony in Kuwait City. Al Zour refinery, valued at 4.87 billion dinars ($16 billion) will be integrated with a planned petrochemical complex which KNPC will discuss at an upcoming board meeting, he said. “Al Zour refinery is one of the world’s largest grass root plants being built from conceptual stage,” Al-Mutairi said. “Al Zour refinery along with other ongoing mega projects will change the landscape of the oil […]