Kuwait | Egypt Oil & Gas - Part 20
KOC to Enhace Reservoir Models with Roxar RMS
Emerson Automation Solutions has supplied its Roxar RMS reservoir modeling software to Kuwait Oil Company (KOC). The new licenses will be used to build more accurate and detailed reservoir models, World Oil reported. ...
Kuwait Boosted Crude Exports to Asia
Kuwait Petroleum Corporation (KPC) announced that Kuwait’s crude oil exporting contracts have recently increased by 28% with Japan, and 65% with Taiwan, reported Kuwait News Agency. Furthermore, KPC’s marketing ...
Iraq Delayed Upstream Bid
Iraq’s Oil Ministry is postponing an upstream bidding round for 12 small and medium-sized oil fields across three provinces until mid 2017, reported Reuters. A statement for the the ministry said that there are essent...
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, reported Gulf Digital News. 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, reported Reuters. A drop in purchases by Kuwait’s long-standing term cus...
Kuwait Boosted Oil Exports to Japan
Kuwait’s 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. This is the second straight mon...
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, reported KUNA. PIC’s CEO, Mohammad Al-Farhoud, said...
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, reported Reuters. Half of the project’s power ...
