Kuwait Petroleum Corporation (KPC) | Egypt Oil & Gas

Shell’s US Chemical Assets Attract Interest From ExxonMobil, LyondellBasell

Oil major Shell has attracted interest from several potential buyers for its US chemicals business, with the assets potentially valued at up to $8 billion, Reuters reported, citing the Financial Times. ExxonMobil and ...

QatarEnergy Signs New LNG Supply Deal with KPC for 15 Years

QatarEnergy has signed a 15-year LNG Sale and Purchase Agreement (SPA) with Kuwait Petroleum Corporation (KPC) for the supply of up to 3 million tons per annum (mtpa) of LNG to Kuwait. According to the SPA, LNG volume...

NBK, KFH Arrange $1.2-B Facility for KPC

National Bank of Kuwait (NBK) and Kuwait Finance House (KFH) have arranged a five-year loan and Murabaha facility at $1.2 billion for Kuwait Petroleum Corporation (KPC), Zawya reported. The facility comprises $692 mil...

KPC Plans an 8% Share in Global LNG Regasification Capacity by 2023

Kuwait Petroleum Corporation (KPC) plans to have an 8% share in the capacity of the global liquefied natural gas (LNG) regasification industry through its new, planned and announced, projects between 2019-2023, accord...

KPC to Invest $50 B in Expansion Projects

Kuwait Petroleum Corporation (KPC) plans to invest around $50 billion in expansion projects and new refineries, Jamal Alloughani, the company’s Deputy Director of Marketing told CNBC Arabia, Mubasher reported. T...

KPC to Investigate Kerosene Refinery’s Fire

Kuwait Petroleum Corporation (KPC) has selected a team to investigate the reasons behind a fire that occurred at a kerosene unit at the Mina Abdullah refinery, Gulf Business reported citing Kuwait News Agency (KUNA). ...

KPC Inks MoU with Britain for Loans, Credit Facilities

Kuwait Petroleum Corporation (KPC) has inked a memorandum of understanding (MoU) with Britain for up to $3 billion in loans and credit facilities, Zawya reported citing Reuters. The United Kingdom (UK)’s credit ...

Kuwaiti Oil Price Decreases

Kuwait Petroleum Corporation (KPC) told Kuwait News Agency (KUNA) that the price of Kuwaiti oil went down by $0.42 to reach $48.75 per barrel on the 25th of April after it was $49.17 on the 21st of April. Globally oil...

Egypt, Kuwait Renew Oil Supply Contracts

According to a press release to Egypt Oil&Gas, the Egyptian General Petroleum Corporation (EGPC) renewed two 3-year commercial contracts with Kuwait Petroleum Corporation (KPC) in the presence of the Egyptian Mini...

Kuwait Oil Tanker Company Establishes New Fleet Program

Kuwait Oil Tanker Company (KOTC) finalized establishing a nine-vessel new building program, where it worked with several suppliers in order to execute new systems to promote a more fuel-efficient fleet that is clean a...

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