State upstream operator Kuwait Oil Company (KOC) is due to take delivery of a report looking at the possible integration of a petrochemical facility with the Al-Zour New Refinery before the end of the year, according to a source close to the project.
After the report has been delivered there will be a period of consultation with the company that undertook the study, KBC Advanced Technologies, according to the source.
KOC will read the report then send queries to KBC. The report is then expected to be finalised at some point in the first quarter of 2016, said the source.
Originally it was expected that the study, which is being conducted by KBC Advanced Technologies, would be completed within the first half of 2015, but the timeframe for the evaluation was extended over the year.
Kuwait announced it was reviving plans for the multibillion-dollar petrochemicals project called Olefins 3 in September 2014.
It said it would be integrating the facility with the 615,000 barrel-a-day (b/d) New Refinery Project (NRP), which is to be built in the Divided Zone that the country shares with Saudi Arabia.
If the project comes to fruition, it will significantly increase the countrys chemicals output and broaden the range of petrochemicals produced.