KUFPEC

  • El Molla: New 12 Petroleum Agreements Worth $1 B

    El Molla: New 12 Petroleum Agreements Worth $1 B

    Sunday, 21st June 2020

    The Minister of Petroleum and Mineral Resources, Tarek EL Molla, announced that the new 12 petroleum agreements on which the cabinet has approved, worth minimum $1 billion in addition to $19 billion as a signature bonus for drilling 21 wells.

  • New  Petroleum Discovery in Gulf of Suez

    New Petroleum Discovery in Gulf of Suez

    Thursday, 18th June 2020

    The Ministry of Petroleum and Mineral Resources announced a new petroleum discovery in the shallow water of Geisum Concession at Gulf of Suez.

  • Kufpec, OGDC Sign Upstream Agreement

    Kufpec, OGDC Sign Upstream Agreement

    Tuesday, 5th June 2018

    Kuwait Foreign Petroleum Exploration Company (Kufpec) and the Oil and Gas Development Company (OGDC) have signed a strategic cooperation initiative to evaluate potential international upstream exploration and production business opportunities.

  • Kuwait to Buy Shell’s Bongkot Stake in Thailand

    Kuwait to Buy Shell’s Bongkot Stake in Thailand

    Wednesday, 1st February 2017
    Royal Dutch Shell has said it will sell its stake in Thailand's Bongkot gas field to Kuwait Foreign Petroleum Exploration Company for $900m.
  • Kuwait to Develop Pakistani Oil Fields

    Kuwait to Develop Pakistani Oil Fields

    Monday, 7th March 2016
    State-run Kuwait Petroleum Corporation (KPC) and the Pakistani Ministry of Petroleum have signed a Memorandum of Understanding under which KPC will develop Pakistani oil fields.