Kuwait | Egypt Oil & Gas - Part 19
Kuwait Boosted Crude Exports to Asia
Kuwait’s crude oil exporting contracts have recently increased by 28% with Japan, and 65% with Taiwan.
Iraq Delayed Upstream Bid
Iraq will postpone an upstream bidding round for 12 small and medium-sized oil fields across three provinces until mid 2017.
Kuwait Invested $4.8b in Oil, Gas
During the third quarter of 2016, Kuwait awarded a total of $12b worth of contracts, 42% of which are in the country's oil and gas sector at about $4.8b in investments.
Kuwait Cut Fuel Premiums
Kuwait Petroleum Company (KPC) has agreed to sell gasoil and jet fuel under long-term contracts for 2017 at almost half its 2016 premiums.
Kuwait Boosted Oil Exports to Japan
Kuwait crude oil exports to Japan increased by 33.7% during September, when compared to volumes from the same period during 2015. It reached 6.83mb of oil, averaging 228,000b/d.
Kuwait, Bahrain to Build Aromatic Plant
Kuwait’s Petrochemical Industries Company (PIC) signed a deal with Bahrain’s National Oil and Gas Authority (NOGA) to build a joint aromatics factory in the Kingdom.
Kuwait Produces Solar Power
Kuwait began operating its first solar power plant at the Umm Gudair oil field. The Sidrah 500 project is worth $99m and is expected to produce 10MW of electricity.
Egypt to Buy Kuwaiti Fuel
Egypt signed an agreement to buy petroleum products from Kuwait with no discounts or grants. According to the agreement Egypt should pay in cash. 
