Kuwait Petroleum Corp. (KPC) has signed a 15-year agreement with Qatar Petroleum (QP) to import up to three million tons of liquified natural gas (LNG) per year.

Kuwait Petroleum corporation (KPC) is seeking a 3.2 to 3.4 trillion British thermal unit (TBtu) to be delivered between February 26 to 27.

Kuwait Petroleum Corp (KPC) signed an agreement with an international firm securing the long-term supply of liquid natural gas (LNG).

Kuwait Petroleum Corp (KPC) is discussing entering a joint venture with commodities traders or international oil companies in order to start trading refined oil products.

Qatar Petroleum and Kuwait Petroleum Corp (KPC) will reduce production levels from the beginning of 2017, following the recent decisions by OPEC and non-OPEC oil-producing countries to cap output.