Commercial operations have started at a new Kuwait refinery that should bolster an already strong product tanker market.
UK shipbroker Simpson Spence Young said the Al-Zour plant run by Kuwait Integrated Petroleum Industries Co began with a capacity of roughly 205,000 barrels per day (bpd) of processing capacity earlier this month.
Once fully operational, Al-Zour is set to be able to process 615,000 bpd of light Kuwaiti crude, or around 535,000 bpd of heavier grades, lifting Kuwait’s total refinery capacity to around 1.42m
