Page 5 - DMEA Week 08 2023
P. 5
DMEA COMMENTARY DMEA
to the continent, and global markets have begun (KOC), to reduce their use of diesel to fill gaps in
to suffer shortages of diesel with following the requirements for local and global markets.
recent ban on Russian imports. KOC sources noted that its “gas production
Leading sources from the industry told the goals are to maintain the KOC capacity to pro-
Al-Qabas daily: “There is increasing pressure on duce more than 560mn cubic metres per day,
most refineries in the Gulf region and the Mid- and this matter constitutes an additional chal-
dle East, especially Kuwait and Oman, after the lenge for the company in the face of the lack of
European ban on all types of fuel coming from supply of the required fuel for its operations.”
Russia, including products from jet fuel to gaso- Kuwait aims to increase exports of jet fuel and
line and diesel.” The source added: “In the face of diesel to Europe five-fold.
the increasing European demand for fuel prod- With a full operating capacity of 615,000
ucts, Kuwait, which intends to increase the flow bpd, the commissioning of the Al Zour refinery
of diesel to Europe and double its shipments of is imperative in allowing the country to meet
jet fuel, had to sacrifice reducing diesel supplies these targets.
to Kuwaiti oil companies.” The comments were KNPC sources have pointed to progress, not-
supported with evidence that KNPC had asked ing that the refinery succeeded in sending out its
its contemporaries, including Kuwait Oil Co. first exports of diesel and jet fuel last year.
Week 08 23•February•2023 www. NEWSBASE .com P5
