Kuwait | Egypt Oil & Gas - Part 20
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.
Iraqi Boosted Oil Output by 5,600b/d
Kuwait Energy Plc announced that the company has brought Faihaa-2 well's production online. The well is situated in the Block 9 concession, in Basra , Southern Iraq.
Van Oord Completed Land Reclamation for Kuwaiti Refinery
Netherland's' Van Oord has successfully executed ground improvement for the Kuwait National Petroleum Company (KNPC). The project included reclaiming 65mcm of sand and extensive soil improvement to be used in constr ...
Kuwait Abandons Nuclear Power Plans
Kuwaiti Ministry of Electricity and Water (MEW) cancelled plans to build a nuclear power plant as feasibility studies proved the project to be uneconomical and capital intensive.
Fitch: Kuwait Rated AA with Stable Outlook
Fitch ratings stated that Kuwait was rated AA with a stable outlook, and the country has an exceptionally strong fiscal position, yet it has achieved smaller fiscal consolidation than other regional countries, based ...
Kuwait’s Oil Field, Leakage But No Fire
Kuwait Oil Company reported it contained an oil leak during drilling at Al-Ahmadi oil Field, located in the rich OPEC member state.
MENA Expands its LNG Import Facilities
The MENA region is forecast to become the world’s second-largest gas-importing area by 2040, as the countries invest around $10.3b in LNG-importing facilities.
Egypt Decreased Kuwaiti Crude Imports
The Egyptian Ministry of Petroleum announced that the crude oil import from Kuwait has decreased from 3mb/month to 2mb/month.
