{"id":7068,"date":"2023-08-17T11:47:03","date_gmt":"2023-08-17T11:47:03","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=7068"},"modified":"2023-08-17T11:47:05","modified_gmt":"2023-08-17T11:47:05","slug":"kuwait-min-says-study-shows-lack-of-interest-in-al-zour-petchem-complex","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/7068\/","title":{"rendered":"Kuwait min says study shows lack of interest in Al Zour Petchem complex"},"content":{"rendered":"<div class=\"entry-content\" itemprop=\"description\">\n<p>Roydad Naft News Agency  &#8211; Kuwait&#8217;s oil minister said the results of a study conducted by Ernst &amp; Young showed a lack of investor appetite for participation in the Al Zour Petrochemicals complex project, a document seen by Reuters on Thursday showed.<\/p>\n\n\n\n<p>Kuwait hired Ernst &amp; Young as an advisor as it looked for a strategic partner for its planned complex neighbouring the Al Zour refinery but the results of the study &#8220;were not encouraging&#8221;, minister Saad Al-Barrak said in a written response to a question from a Kuwaiti parliamentarian over the issue.<\/p>\n\n\n\n<p>Kuwait said in 2018 it planned to build the $8 billion petrochemical complex, with an estimated production capacity of 2.7 million metric tons of aromatics and 1.7 million tons of olefins a year, to make Al Zour refinery more profitable.<\/p>\n\n\n\n<p>&#8220;There was lack of interest by specialised companies in the field, whether local or international, to partner in the project,&#8221; Barrak said, citing the lack of attractive incentives.<\/p>\n\n\n\n<p>The minister said further studies were being prepared to attract partners, including a proposal for new incentives.<\/p>\n<div class=\"post-date no-social-btn post-updated\">Updated on<time class=\"updated dt-updated\" itemprop=\"dateModified\" datetime=\"2023-08-17T11:47:05+00:00\"> 17 August 2023<\/time><\/div><\/div>","protected":false},"excerpt":{"rendered":"Roydad Naft News Agency &#8211; Kuwait&#8217;s oil minister said the results of a study conducted by Ernst &amp; Young showed a lack of investor appetite for participation in the Al Zour Petrochemicals complex project, a document seen by Reuters on Thursday showed. Kuwait hired Ernst &amp; Young as an advisor as it looked for a [&hellip;]","protected":false},"author":1,"featured_media":7069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[17,36,19,21,35],"tags":[],"services":[],"class_list":["post-7068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-lastnews","category-news","category-petrochemical","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/7068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=7068"}],"version-history":[{"count":0,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/7068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/7069"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=7068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=7068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=7068"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=7068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}