Kuwait | Egypt Oil & Gas - Part 16
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.
Kuwaiti Oil Price Reached $49.27 per barrel
Kuwaiti oil prices were stable at $49.27 per barrel.
Oman, Kuwait to Sign Duqm Refinery Agreement
The partnership agreement over the Duqm refinery, is to be signed by mid-April between Kuwait Petroleum and Oman Oil Company.
Kuwait to Import Fuel Oil until 2019
Kuwait will start importing fuel oil in order to cover demands after halting Shuaiba refinery. Importation might be required until the opening of Al-Zour refinery in 2019.
