Kuwaiti Oil Price Increases by 0.5%
Kuwait’s oil price has increased by 0.525% in the past few days.
Kuwait | Egypt Oil & Gas - Part 13
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.
KPI Acquires 50% of Omani Refinery
Kuwait's High Petroleum Commission announced that Kuwait Petroleum International (KPI) acquired 50% share of Oman's Duqm refinery.
Kuwait Increases Oil Prices by 0.44%
Kuwait increased crude oil prices by 0.44% to be $63.78 per barrel, compared to $63.5 per barrel on December 29th, 2017.
KOTC to Expand Fleet
Kuwait Oil Tanker Company (KOTC) plans to expand its fleet by eight tankers.
KPC, Shell Sign LNG Contract
Kuwait Petroleum Corporation (KPC) signed a 15-year contract with Royal Dutch Shell for the import of liquefied natural gas (LNG).
Construction at Duqm Refinery to Begin in 2018
Construction at the Duqm Refinery in Oman will begin next year.
Kuwait’s Oil Minister: Demand to Rise by 1.5M b/d
Global oil demand will increase 1.5 million barrels per day (b/d) next year, Kuwait’s Oil Minister, Bakheet El Rashidi, predicted.
