Overview:

Summary
 
 Kuwait has finally decided not to go ahead with its planned $15 billion refinery at Al Zour. This announcement at the end of March 2009 marks the end of the project, which was to become Kuwait’s largest and costliest refinery.
 
 Scope
 
 - GlobalData viewpoints cover the latest events or important trends in the global oil and gas industry and provide our in-depth analysis of issues and challenges. Viewpoints offer expert opinions and GlobalData’s views of various developments that have been taking place in the oil and gas industry across the world.
 
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 1 Table of Contents 2
 1.1 List of Tables 3
 1.2 List of Figures 4
 2 GlobalData Viewpoint 5
 2.1 Summary 5
 3 Kuwait Shelves the Al- Zour Refinery Project - An Appropriate Decision Amidst Global Financial Meltdown 6
 3.1 Al-Zour Refinery’s Potential Benefits had Encouraged Kuwait to Invest Heavily into the Project 6
 3.2 Escalating Costs and Abundant Natural Gas Reserves Made Al-Zour Refinery Project Economically Unattractive 7
 3.3 Conclusion 7
 4 Recent Developments 8
 4.1 March 23, 2009: JGC Announces Termination of EPC Contract with Kuwait Refinery Project 8
 4.2 March 20, 2009: Fluor Receives Notice from KNPC to Cancel Refinery Contract 8
 4.3 March 20, 2009: KNPC Cancels $6.3 Billion Contracts with South Korean Firms 8
 5 Appendix 10
 5.1 Methodology 10
 5.1.1 Coverage 10
 5.1.2 Secondary Research 11
 5.1.3 Primary Research 11
 5.1.4 Expert Panel Validation 12
 5.2 Contact Us 12
 5.3 About GlobalData 12
 5.4 Disclaimer 12
 
 1.1 List of Tables
 Table 1: Kuwait, Refining Capacity (MMTPA) Considering the Al-Zour Refinery, 2000-2013 6
 
 1.2 List of Figures
 Figure 1: GlobalData Methodology 10