Kuwait | Egypt Oil & Gas - Part 21
Kuwait Calls on Oil Production Freeze
The Kuwait's Deputy Foreign Minister stressed the importance of reaching a consensus among oil producing countries and he said that "There is no choice but to freeze production".
Kuwait Boost Purchase of Russian LNG
Kuwait has plans to purchase up to 1.5m metric tons of LNG from Russia on an annual basis, according to Deputy Managing Director of Kuwait Petroleum Corporation (KPC), Nasser Abdullah Saleh.
Saudi Arabia, Kuwait to Resume Production at Khafji Offshore Oilfield
Saudi Arabia and Kuwait have reached a deal to resume production at the disputed Khafji offshore oilfield, Kuwait’s acting Oil Minister, Anas Al-Saleh, said.
Kuwait Oil Company Discovers New Oil&Gas Field
Kuwait Oil Company, the government-owned holding company, said it has discovered a new oil and gas field in the al-Jathatheel region, in the western part of the country.
Kuwait Committed to its Planned $100b Oil Investment
Kuwait is committed to its petroleum investment plans of $100b in the next five years despite the prospect of low oil prices persisting.
EGPC, ADNOC Negotiating Fuel Shipments and Payments
The EGPC is currently in negotiations with Abu Dhabi National Oil Company (ADNOC) for shipments of petroleum products and payment facilitations. Kuwait to Resume Operations from Oilfields Shared with Saudi
Kuwait's Emir, Sheikh Sabah al-Ahmed al-Sabah, announced that stalled operations and exports from oil fields run jointly with Saudi Arabia would resume soon. Kuwait Joins Saudi-South Korean Petrochem Venture
Kuwait's Petrochemicals Industries Company (PIC) has agreed to pay $100m to buy a 25% equity stake in a venture owned by South Korea's SK Gas Co Ltd and Saudi Advanced Petrochemical Co.
