KNPC Signs Agreement to Sell Butane Gas to Private Sector
Kuwait National Petroleum Company (KNPC) signed a memorandum with the National Company for Chemical and Petrochemical Industries to sell butane gas for 20 years.
Translated by Qiyas from الوسط — Original source
The Kuwait National Petroleum Company (KNPC) announced the signing of a memorandum of agreement with the National Company for Chemical and Petrochemical Industries (NOCPCI) to sell normal butane (n-butane) to the private sector, with the aim of using it in the production of maleic anhydride (MA) in Kuwait, under a contract period of 20 years. According to the official gazette “Kuwait Today,” NOCPCI won the bid by offering the highest local content value (ICV) percentage, reaching 90 percent, in line with efforts to support local manufacturing and enhance the utilization of hydrocarbon materials in the chemical industry.
