Kuwait | Egypt Oil & Gas - Part 17
Kuwait Increases Oil Exports to China
Kuwaiti governmental data indicated that the country's exports of crude oil to China in February 2017 increased by 16.5% from February 2016 on daily basis to 1.07m tons, equivalent to around 281,000b/d.
Kuwait Favors an OPEC Output Cut Extension
Kuwait wants the Organization of Petroleum Exporting Countries (OPEC) to extend output cuts beyond June, becoming the producer group’s first member to call for more time to balance the global oil market.
Kuwait, KSA to Resume Neutral Zones Production
Kuwait and Saudi Arabia have been in talks over resuming work at neutral oil and gas zone fields that are owned by the two countries. Al-Wafra and Al-Khafji were halted in 2015 due to continuous dispute between them.
Lukoil Targets New Projects in the Middle East
Russian oil giant Lukoil is targeting new projects in the United Arab Emirated (UAE), Iran, Oman and Kuwait as it plans to expand its operations in the Middle East.
Kuwait Oil Exports to China Reached 253,000b/d
Kuwait's crude oil exports to China in January edged down 1.8% from January 2016 to 1.07m tons, equivalent to around 253,000b/d.
Kuwait to Open Refinery in Vietnam in 2018
Kuwait’s refinery in Vietnam will begin operating in July 2018 with a capacity of 2,000b/d, according to Kuwait Petroleum International’s (KPI) CEO, Bakheet Al-Rashidi.
Kuwait Eyes 3.65mb/d in Crude Output by 2021
Kuwait is persistent to pursue its plans to add 0.5mb/d of oil production capacity to its national output as it prepares for the eventual expiration of the output quotas OPEC had adopted to help drain a global oversu ...
Kuwait to Host Ministerial Meeting on Global Oil Cut
Kuwait will host a Ministerial Committee meeting, charged with monitoring the compliance with Vienna agreements on cutting oil output, on 22-23 March.
