Kuwait's KNPC Plans $1.3B Oil Products Storage Plant



Reuters

KUWAIT, May 24 (Reuters) - Kuwait National Petroleum Co (KNPC) is considering building a large storage plant for oil products at a cost of 400 million Kuwaiti dinars ($1.32 billion), its chief executive said on Wednesday.

Mohammed al-Mutairi said the facility would be built in Mutlaa, an area in northern Kuwait.

($1 = 0.3034 Kuwaiti dinars) (Reporting by Ahmed Hagagy, Writing by Sylvia Westall; Editing by Elaine Hardcastle)



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