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.
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.
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.
Wednesday, 1st February 2017Royal Dutch Shell has said it will sell its stake in Thailand's Bongkot gas field to Kuwait Foreign Petroleum Exploration Company for $900m.
Monday, 7th March 2016State-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.