Kuwait | Egypt Oil & Gas - Part 18
Kuwait Oil Tanker Company Establishes New Fleet Program
Kuwait Oil Tanker Company (KOTC) finalized establishing a nine-vessel new building program, where it worked with several suppliers in order to execute new systems to promote a more fuel-efficient fleet that is clean a...
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, KUNA re...
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, Bloomberg rep...
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. The fields were halted in 2015 due to a continuous dispute between them, as informe...
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, the company’s Vice President in the region, Gati Al ...
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, Zawya reported based on government data. The Hellenic Shipping News wrote that Kuw...
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, KUNA reported. Al-Rashidi noted that KPI is curr...
Kuwait Eyes 3.65mb/d in Crude Output by 2021
Kuwait is sticking with 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 oversupply, the He...
