Kuwait | Egypt Oil & Gas - Part 17
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.
Petrofac Wins $1.3 Project in Kuwait
The project awarded to Petrofac is the first of its kind to be developed in the Burgan oil field
Kuwait Oil Tanker Company Establishes New Fleet Program
Kuwait Oil Tanker Company (KOTC) finalized establishing a nine-vessel new building program.
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.
