Kuwait Oil Tanker Company Agrees $167M Deal with Hyundai
Kuwait Oil Tanker Company has agreed a $167.6 million deal with South Korean shipbuilding firm Hyundai Mipo Dockyard for the construction of four petroleum tankers.
Kuwait | Egypt Oil & Gas - Part 12
Kuwait Affirms Continued Support for OPEC Production Cuts
Kuwait affirms the country’s commitment to the OPEC-led oil production cuts put in place to increase prices.
KPC to Invest $113B Over 5 Years
Kuwait Petroleum Corporation plans to invest $113 billion over the next five years with the aim of boosting oil exploration and production both inside and outside the country.
Extension of OPEC-led Cuts Hinges on Market Conditions: Kuwait
Kuwait Oil Minister Bakhit Al-Rashidi said on April 16 that market conditions would determine whether OPEC's agreement with non-OPEC countries to cut oil production will extend beyond the end of 2018.
Oman’s Duqm Refinery to Open April 26
Kuwaiti oil minister Bakheet Al-Rashidi told Kuwait News Agency on April 9 that the overhaul of the Al-Duqm refinery and the connecting petrochemicals industries complex in Oman will open on April 26.
Kuwait Petroleum Signs Deal for Long-Term LNG Supply
Kuwait Petroleum Corp (KPC) signed an agreement with an international firm securing the long-term supply of liquid natural gas (LNG).
Kuwaiti Oil Price Increases by 0.5%
Kuwait’s oil price has increased by 0.525% in the past few days.
KOC to Seal Offshore Contracts in March
Kuwait Oil Company plans to sign contracts in March 2018 for the next round of offshore drilling, the Kuwait Petroleum Corporation has announced.
Kuwait Petroleum to Produce 4.75 b/d by 2040
Kuwait Petroleum Corporation eyes boosting its crude oil output through spending an expected amount exceeding $500 billion by 2040.
KNPC to Establish 10 Gas Stations Worth $51.25 M
Kuwait National Petroleum Company (KNPC) has packed a deal with Combined Group Contracting Company (CGC) to establish 10 new gas filling stations across Kuwait for around $51.25 million.
