Kuwait | Egypt Oil & Gas - Part 16
KPC: Kuwaiti Oil Spill Contained
The Kuwait Petroleum Corporation (KPC) announced the containment of the oil spill that occurred off Kuwait’s southern coast, KUNA reports. KPC claimed that emergency clean-up operations had either removed or contained...
Kuwait Awards Saipem with $850 M Pipeline Contract
The Kuwait Oil Company (KOC) awarded a contract worth approximately $850 million to Saipem to construct a pipeline system for the new El Zour refinery, Egypt Oil & Gas reports. The pipeline will be used to transpo...
Kuwait Pioneers Extraction Technique in the ME
Kuwait Oil Company announced the use of a new technique to extract heavy crude from complex oil reservoirs, Zawya reports. The new technique requires the injections of chemicals instead of the more typical water-based...
KPC Claims “Major Portion” of Kuwait’s Oil Spill Removed
A spokesman for the Kuwait Petroleum Company (KPC) claimed significant progress in removing the oil from last week’s oil spill off Kuwait’s southern coast, Kuwait Times reports. “The major portion of the main oil spil...
Kuwait’s Oil Bucks Global Price Trend
Kuwait’s oil prices fell on Friday, even as global prices rose, reports Kuwait News Agency. The price per barrel for Kuwaiti oil fell from $49.15 on Thursday to $48.77 on Friday, a drop of $0.38 (0.8%), according to t...
KPC to Ship 2 M Barrels of Crude Oil to Vietnam Refinery
Kuwait Petroleum Corporation (KPC) is planning to ship 2 million barrels of Kuwaiti crude oil to Vietnam for refinement, reports KUNA. The shipment of crude oil will go to a refinery in the Nghi Son area to ensure tha...
Kuwait’s Crude Oil Exports to Japan Increase by 37.9%
Kuwait’s crude-oil exports to Japan reached 6.94 million barrels in June 2017, a 37.9% increase from June 2016, KUNA reports. According to the Japanese government’s data, Kuwaiti exports of crude oil to Japan rose in ...
Kuwait Negotiates Entering Trade Joint Venture
Kuwait is planning to be an energy trader, not just a producer. Kuwait Petroleum Corp (KPC) is discussing entering a joint venture with commodities traders or international oil companies in order to start trading refi... 
