Kuwait to Complete Al Zour Refinery by 2019

• Wednesday, 2nd May 2018
• by Editorial Team

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, Oil and Gas News ha...

Kuwait Oil Tanker Company Agrees $167M Deal with Hyundai

• Thursday, 26th April 2018
• by Editorial Team

Kuwait Oil Tanker Company (KOTC) has agreed a $167.6 million deal with South Korean shipbuilding firm Hyundai Mipo Dockyard for the construction of four petroleum tankers, The Arab Times reported. The KOTC stated that...

Kuwait Affirms Continued Support for OPEC Production Cuts

• Tuesday, 24th April 2018
• by Editorial Team

Kuwait affirms its commitment to the OPEC-led oil production cuts put in place to increase prices, Minister of Oil Bakheet Al-Rashidi has announced, WAM (Emirates News Agency) reported. The minister made the statement...

KPC to Invest $113B Over 5 Years

• Tuesday, 17th April 2018
• by Editorial Team

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, Trade Arabia reported. The investments ar...

Extension of OPEC-led Cuts Hinges on Market Conditions: Kuwait

• Tuesday, 17th April 2018
• by Editorial Team

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, Times of O...

Oman’s Duqm Refinery to Open April 26

• Tuesday, 10th April 2018
• by Editorial Team

Kuwaiti oil minister Bakheet Al-Rashidi told Kuwait News Agency (KUNA) on April 9 that the overhaul at the Al-Duqm refinery and the connecting petrochemicals industries complex in Oman will open on April 26. The Al-Du...

Kuwait Petroleum Signs Deal for Long-Term LNG Supply

• Tuesday, 27th March 2018
• by Editorial Team

Kuwait Petroleum Corp (KPC) has signed an agreement with an international firm securing the long-term supply of liquid natural gas (LNG), Reuters reported. During his statement, Kuwaiti Oil Minister, Bakheet Al-Rashid...

Kuwaiti Oil Price Increases by 0.5%

• Monday, 26th February 2018
• by Sarah Samir

Kuwait’s oil price has increased by 0.525% in the past few days, Kuwait News Agency (KUNA) reported. The price reached $61.24 per barrel on February 19th, compared to $60.92 per barrel on February 15th. The Brent pric...

KOC to Seal Offshore Contracts in March

• Sunday, 25th February 2018
• by Sarah Samir

Kuwait Oil Company (KOC) plans to sign contracts for the next round of offshore drilling in March 2018, the Kuwait Petroleum Corporation (KPC) has announced. “We have already issued the tender so we should sign next m...

Kuwait Petroleum to Produce 4.75 b/d by 2040

• Thursday, 1st February 2018
• by Sarah Samir

Kuwait Petroleum Corporation (KPC) eyes boosting its crude oil output through spending an expected amount exceeding $500 billion. The new capacity is expected to reach 4.75 million barrels per day (b/d) in 2040, from ...