KPC Signs Oil Supply Contract for Chinese Refinery
The Kuwait Petroleum Company (KPC) has signed a contract to supply crude oil to a privately owned Chinese oil refinery.
The Kuwait Petroleum Company (KPC) has signed a contract to supply crude oil to a privately owned Chinese oil refinery.
Kuwait has signed a memorandum of understanding (MoU) with Chinese oil major Sinopec for the construction of an oil refinery in the south of China, the Kuwait Oil Ministry announced on October 25.
The Kuwait National Petroleum Company (KNPC) will hold preliminary meetings with companies participating in the construction of the planned Al-Dibdibah solar power plant project.
The Kuwait Oil Company reported a slight gas leak in West Kuwait on October 2, which it says is now under control.
Kuwaiti crude oil exports to Japan fell 5.3% in July year-on-year (YOY) to 216,000 barrels per day (b/d), the third consecutive monthly decrease.
OPEC and non-OPEC petroleum producing countries will agree to introduce a mechanism for monitoring crude oil production before the end of 2018, Kuwaiti Oil Minister Bakheet Al-Rashidi stated.
Kuwait and Iraq plan to appoint consultants to study the development of shared oil fields, as a solution to long-standing tensions over cross border oilfields.
The temporary closure of the Bab al-Mandeb strait has a limited impact on Kuwaiti oil shipments as only 10% pass through the strategic shipping lane, Kuwait News Agency (KUNA) revealed on July 26.
Wren House, the UK investment arm of Kuwait’s sovereign wealth fund (KIA), has agreed to purchase the pipeline firm North Sea Midstream Partners (NSMP) from ArcLight Capital for roughly $1.7 billion.
An oil tanker containing supplies of gas oil donated by the Kuwaiti government arrived in the Iraqi port of Basra on July 23.