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.
The Khafji and Hout oil fields in the neutral zone jointly operated Kuwait and Saudi Arabia will resume production in 2019.
Kuwait started raising its oil output by 85,000 barrels per day (b/d) from July 1, in accordance with the recent agreement between OPEC and non-OPEC producers to increase production by 1 million b/d.
Oil Production in the Saudi-Kuwait neutral zone has stopped until an agreement is reached between the two sides, Kuwaiti oil minister Bakeet al-Rashidi stated on June 26.
Kuwait Oil Company has separated and extracted light crude oil from Jurassic production.
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 prod ...
Kuwait National Petroleum Company (KNPC) plans to float a tender worth $8.3 million on June 17 for the purchase of spare turbine and compressor parts for gas operations at the KNPC-owned Ahmadi Refinery.
The Kuwait parliament has renewed confidence in Minister of Oil and Minister of Electricity and Water Bakheet Al-Rashidi in a vote at the National Assembly on May 10.
