Shipment Of 1 Million Barrels Of Light Oil To Vietnam Refinery Is Remarkable

11 August 2022 Information

The Kuwait Petroleum Corporation Board of Directors has approved a special oil shipment of about one million barrels of light oil to the Vietnam refinery. The shipment of light oil would improve the project's economics in terms of outputs that are currently in demand and of high value, according to a local Arabic daily that cited sources. It also noted that this shipment is only for one time and will only be at the rate of 30,000 barrels per day, as opposed to the daily shipments of Kuwaiti oil, which are estimated to be at 200,000 barrels per day.

According to sources, the KPC fulfilled two objectives with this shipment: first, it made good returns; second, it benefited from the project in which Kuwait takes part. "In the end, it is an amount that is not large," the sources continued, "and will support the refinery's economies and those of its products, such as naphtha, kerosene, and diesel."

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