KUWAIT: Kuwait Petroleum International Corporation won on Thursday an Award for Best Gulf Cooperation for the year 2024 on Al-Duqm Refinery Project. The recognition came from The Energy Year Magazine, a prestigious global magazine that specializes in the oil, gas, and renewable energy industries. A joint venture between Kuwait Petroleum International Corporation (Q8) and Oman Oil (OQ), Al-Duqm Refinery was co-inaugurated by His Highness the Amir Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah and His Majesty Sultan Haitham bin Tareq of Oman in February.

The Group Manager for Quality Assurance Fouad Qabazard received the award on behalf of the CEO Shafi Al-Ajmi during a ceremony held in Kuwait. In a statement to KUNA, Qabazard said that Al-Duqm Refinery Project is one of the most important strategic partnerships in the field of refineries in the region and is the largest investment project between two Gulf countries in the refinery and petrochemical sector. The project is considered a step forward towards achieving economic integration between the countries, Kuwait and Oman.

Situated in southern Oman, the refinery’s geographic location facilitates the flow of trade between Gulf area and international markets, namely in Asia and Africa. The refinery has a robust refining capacity of 230,000 barrels per day, around 65 percent of which earmarked for refining Kuwaiti crude oil, and 35 percent for Omani crude oil. An enormous $9 billion industrial edifice, the refinery is designed to operate and import all it requires from Kuwaiti crude oil if necessary. It produces ecofriendly oil byproducts, including liquefied gas, naphtha, kerosene and diesel.