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 | Egypt Oil & Gas - Part 13
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.
Kuwait Appoints New Oil Minister
In a cabinet shake-up, Bakheet El Rashidi, CEO of Kuwait Petroleum International (KPI), has been appointed as Kuwait’s new oil minister.
Kuwait, Iraq Agree to Natural Gas Price
Kuwait and Iraq agreed on an export price for Iraq’s natural gas.
Iraq Considering Natural Gas Pipeline to Kuwait
Iraq is considering building a natural gas pipeline to Kuwait and an associated petrochemical plant.
Some ME Oil Exporters Could Run Budget Surpluses
With rising oil prices, Iran, Iraq, Kuwait, and Qatar could run budget surpluses next year if prices remain stable.
