Kuwait to Continue Production Despite Huge Rainfalls
Kuwait will continue its crude oil production, exploration and supply to the domestic market despite suffering from torrential rainfalls.
Kuwait will continue its crude oil production, exploration and supply to the domestic market despite suffering from torrential rainfalls.
Chinese oil major Sinopec has signed a 2019 annual deal to purchase crude oil from the Kuwait Petroleum Corp (KPC) on October 8.
Abu Dhabi's National Petroleum Construction Co. (NPCC) announced on October 2 that it had won a $231 million construction contract from the Kuwait Oil Company.
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.