Kuwait’s Donated Oil Shipment Arrives in Iraq

• Tuesday, 24th July 2018
• by Editorial Team

An oil tanker containing supplies of gas oil donated by the Kuwaiti government arrived in the Iraqi port of Basra on July 23, Kuwait News Agency (KUNA) reported. The donation of 18,000 tons of gas oil was ordered by t...

Oil Fields in Kuwait, Saudi Arabia Neutral Zone to Restart Production in 2019

• Thursday, 5th July 2018
• by Editorial Team

The Khafji and Hout oil fields in the neutral zone jointly operated by Kuwait and Saudi Arabia will resume production in 2019, Japan’s Toyo Engineering said, according to Pipeline Oil and Gas Magazine. The Japanese fi...

Kuwait Raises Output by 85,000 bpd

• Monday, 2nd July 2018
• by Editorial Team

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, according to Reut...

Oil Production Halts in Saudi-Kuwait Neutral Zone: Kuwait Oil Ministry

• Tuesday, 26th June 2018
• by Sarah Samir

Oil Production in the Saudi-Kuwait neutral zone has stopped until an agreement is reached between the two sides, Kuwaiti oil minsiter Bakeet al-Rashidi stated on June 26, Kuwait News Agency (KUNA) reported. Rashidi, s...

Kuwait Extracts Light Crude From Jurassic Production Units

• Thursday, 7th June 2018
• by Editorial Team

Kuwait Oil Company (KOC) has separated and extracted light crude oil from Jurassic production, Kuwait News Agency (KUNA) reported. Kuwait Petroleum Corporation (KPC) plans to export the first shipment of this grade of...

Kufpec, OGDC Sign Upstream Agreement

• Tuesday, 5th June 2018
• by Editorial Team

Kuwait Foreign Petroleum Exploration Company (Kufpec) and the Oil and Gas Development Company (OGDC) have signed a strategic cooperation initiative to evaluate potential exploration and production business opportuniti...

KNPC to Launch $8.3M Equipment Tender

• Monday, 4th June 2018
• by Editorial Team

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, Arab News rep...

Kuwait Oil Minister Survives Vote of No Confidence

• Monday, 14th May 2018
• by Editorial Team

The Kuwaiti 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, Kuwait News Agency (KUNA) reported. Out of the 45...

KPI in Talks to Buy 24% India Refinery Stake

• Thursday, 3rd May 2018
• by Editorial Team

Kuwait Petroleum International (KPI) plans to buy a 24% stake in the Bina joint venture refinery in central India,  Reuters reported. The Bina plant offers a capacity of 120,000 b/d and is a 50-50 joint venture betwee...

Kuwait Oil Minister Faces Parliamentary Opposition

• Wednesday, 2nd May 2018
• by Editorial Team

Kuwaiti oil minister Bakhit Al-Rashidi is facing opposition from the country’s parliament after ten MPs signed a no-confidence motion against him, Reuters has reported. The move comes after a session questioning...