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KUWAIT, Dec 17: Kuwait Integrated Petroleum Industries Company (KIPIC) announced Thursday it signed a KD-32.5-million (around USD 106 million) deal with Greek Hellenic Natural Gas System Operator S.A. (DESFA) to operate and maintain Al-Zour refinery, to launch its operations in summer of 2021.
A statement by KIPIC indicated that DESFA had a 50-year experience in this field. Deputy CEO of Al-Zour Refinery Hatem Al-Awadhi commended the deal, revealing that it will achieve the highest levels of operational security for the facility.
He expressed confidence that KIPIC will build strong relations with DESFA to create a solid and beneficial partnership. The natural gas importing facility will enable the reception of 22 million tons of gas annually, which will in turn provide enough clean fuel to current and future power stations.