Kuwait | Egypt Oil & Gas - Part 16
Kuwait Promises to Reduce Oil Production, Following UAE
Kuwait is promising to decrease its oil production in response to Saudi Arabia’s call for fellow members of the Organization of the Petroleum Exporting Countries (OPEC) to cut more supply in order to aid in restraini ...
Kuwait Becomes Japan’s Third Crude Oil Provider
Kuwait became Japan’s third-biggest crude oil supplier in April, providing 7.71mb, or 257,000b/d.
Kuwait Increases Oil Exports to China
Kuwait's crude oil exports to China increased by 37.5%.
Kuwait Urges Deepening OPEC Oil Cuts
OPEC and non-member oil producers could deepen output cuts or extend them for a year. Kuwait’s Oil Exports to China Rise 14.7%
Kuwait's crude oil exports to China in the first three months of 2017 rose 14.7% from the same period of 2016 to 305,000b/d.
Kuwaiti Oil Price Decreases
The price of Kuwaiti oil went down by $0.42 to reach $48.75 per barrel. Kuwait to Receive $1b for Refinery Renovation
Kuwait will receive $1b in funding from major Japanese banks and Britain's HSBC to renovate the country's Al-Ahmadi Refiney.
Egypt, Kuwait Renew Oil Supply Contracts
Kuwait Petroleum Corporation (KPC) renewed two 3-year commercial contracts with the Egyptian General Petroleum Corporation (EGPC) to supply Egypt with 2.5m tons/y of petroleum products and 2mb/m of crude oil.
