KPI in Talks to Buy 24% India Refinery Stake
Kuwait Petroleum International (KPI) plans to buy a 24% stake in the Bina joint venture refinery in central India.
Kuwait | Egypt Oil & Gas - Part 12
Kuwait Oil Minister Faces Parliamentary Opposition
Kuwaiti oil minister Bakhit Al-Rashidi is facing opposition from the country's parliament after ten MPs signed a no-confidence motion against him.
Kuwait to Complete Al Zour Refinery by 2019
The Al Zour refinery project is expected to be completed by December 2019, according to a statement from Khaled Mahdi, Kuwaiti secretary general of the supreme council for planning and development.
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 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.
