KNPC Signs Agreement to Sell Butane Gas to KPC Chemicals and Petrochemicals for 20 Years
Qiyas summary
Kuwait National Petroleum Company (KNPC) signed an agreement to sell butane gas to Kuwait National Petroleum Company Chemicals and Petrochemicals (KNPC Chemicals) for a period of 20 years.
Translated by Qiyas from الجريدة — Original source
The Kuwait National Petroleum Company (KNPC) announced the signing of a memorandum of agreement with the National Petrochemical Industries Company (NPIC) to sell normal butane (N-Butane) to the private sector for the production of maleic anhydride (MAN) in Kuwait, under a contract term of 20 years.
NPIC was awarded the contract after submitting the highest commitment to the In-Country Value (ICV) percentage, reaching 90 percent, according to a report published in the official newspaper, Kuwait Today.
