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Tuesday, October 29, 2024 10:24 GMT
State-owned Kuwait Petroleum Corp. has developed plans to rely on LNG, reduced flaring of gas, renewables and a refocus of the country's giant Al-Zour refinery to achieve its goal of attaining net-zero emissions by 2050, 10 years before the country, a KPC source told S&P Global Commodity Insights via a series of email exchanges this month. Kuwait has budgeted US$110 billion for the transition, including a commitment to achieve a sustainable crude capacity of 3.5 million b/d by 2030 and 4...More