Kuwait, Iraq Agree to Natural Gas Price
Kuwait and Iraq agreed on an export price for Iraq’s natural gas.
Kuwait and Iraq agreed on an export price for Iraq’s natural gas.
Iraq is considering building a natural gas pipeline to Kuwait and an associated petrochemical plant.
With rising oil prices, Iran, Iraq, Kuwait, and Qatar could run budget surpluses next year if prices remain stable.
The Kuwaiti Al Arfaj Group signed a memorandum of understanding to build a 600,000 barrel per day (b/d) oil refinery in the Indian state of Andhra Pradesh.
Egypt Gas Company signed an $8.6 million contract with Al Rabiya in Kuwait.
A number of Egyptian firms participated in the Kuwait Oil & Gas Show and Conference (KOGS 2017).
Kuwait Petroleum Company (KPC) plans to raise crude oil output to 4 million barrels a day by 2020 and natural gas output to 1 billion cubic feet per day (bcf/d) by 2023.
Despite simmering tensions in Iraq and uncertainty over the Iran nuclear agreement, world oil supplies have remained steady, according to the Kuwaiti Oil Minister, Essam El Marzouq.
Egypt's Arab Petroleum Pipelines Company (SUMED) renewed its contract for the storage and transportation of crude oil with Kuwait Petroleum Corporation (KPC).
Kuwait is looking to sign new crude export deals with Chinese buyers.