KNPC to sell retired assets of the Shuaiba refinery

22 Apr 2021

Kuwait National Petroleum Company (KNPC), a subsidiary of Kuwait Petroleum Corporation, has announced the sale of the retired assets (preserved as functional) of its de-commissioned Shuaiba refinery, Kuwait through a sealed-bid auction sale process.

Potential buyers interested in the sale process are invited to access the information and download the Expression of Interest file through KNPC’s website: www.knpc.com

Potential buyers are required to submit their responses (along with the completed and validly executed Expression of Interest form and related documentary back-ups set out in Annexure - 2) not later than 1pm Kuwait time on 01/06/2021, to email address SHUAssetsSale@knpc.com

Established in October 1960 as a share-holding company owned by the Kuwait government and private sector, KNPC became fully government-owned in 1975. Since 1968 the company had been exporting petroleum products from its Shuaiba refinery. In 1980, following the restructuring of the oil sector in Kuwait, KNPC was placed under the newly-created Kuwait Petroleum Corporation (KPC), which was also government owned. Under this position, KNPC took control of distributing petroleum products within Kuwait, along with the ownership of the Mina Ahmadi and Mina Abdullah refineries.

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