Kuwait | Egypt Oil & Gas - Part 18
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.
Kuwait to Buy Shell’s Bongkot Stake in Thailand
Royal Dutch Shell has said it will sell its stake in Thailand's Bongkot gas field to Kuwait Foreign Petroleum Exploration Company for $900m.
Kuwait in State of Emergency over Oil Leak
Kuwait’s national oil company has declared a state of emergency following an oil leak in one of its southwestern fields.
Kuwait’s Oil Cuts to Reach 148,000b/d
Kuwait's output cuts could reach between 146,000 and 148,000b/d, which is more than the reduction to which the member of the Organization for Petroleum Exporting Countries (OPEC) committed itself.
Saudi Arabia Increased Oil Output Reductions
Saudi Arabia reduced oil production to less than 10mb/d, below its targeted level, and will consider renewing its pledge to cut crude output in six months.
Equate Petrochemical to Issue USD Sukuk
Kuwait's Equate Petrochemical is expected to launch in the first quarter, and potentially as soon as January, a US dollar sukuk issue.
Kuwait, Oman Cut Oil Output per OPEC Deal
Inline with OPEC's production reduction agreement, Kuwait has cut output by 130,000b/d to about 2.75mb/d. While, Oman was to cut 45,000b/d from its 1.01mb/d.
Kuwait to Import Gas from Iraq
Kuwait is set to import up to 200mcf/d of gas from Iraq, as the two countries finalize a a long-delayed deal.
