Kuwait | Egypt Oil & Gas - Part 19
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, The National reported. A statement by the Kuwait Oil Company (KOC) on Monday did not identify th...
Kuwait’s Oil Cuts to Reach 148,000b/d
Kuwaiti Oil Minister, Essam al-Marzouq , said that the country’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...
Saudi Arabia Increased Oil Output Reductions
Saudi Arabia’s Energy Minister, Khalid Al-Falih, said that the Kingdom has 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, Reuters reported. The potential sukuk issue would be part of the company’s $...
Kuwait, Oman Cut Oil Output per OPEC Deal
Kuwait Oil Company’s CEO, Jamal Jaafer, said that OPEC member Kuwait has cut output by 130,000b/d to about 2.75mb/d. While, the Omani Oil Ministry’s Director of Marketing, Ali Al-Riyami, said that Oman was to cut 45,0...
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, Middle East Monitor reported. Both the Iraqi oil minister, Jabbar Al Luaibi , and his Kuwaiti counterpart, ...
Kuwait Energy, Vitol Signed Financing Deal
Kuwait Energy signed a forward sale agreement with Vitol providing it with a financing facility for up to $100m, Reuters reported. The facility will be repaid to Dutch group Vitol via Kuwait Energy’s Iraqi crude entit...
Kuwait to Start Heavy Oil Production by 2018
Kuwait will begin heavy oil production by the end of 2018, with roughly 10,000 to 15,000 b/d at Ratqa refinery, KUNA reported. Kuwait Oil Company’s (KOC) CEO, Jamal Jaafar, noted that the heavy oil production will gra...
