Kuwait | Egypt Oil & Gas - Part 21
Kuwait Is to Award $27b Contracts despite Low Oil Prices
Kuwait is expected to award $27b worth of contracts before year-end despite the significant slump in oil prices, indicating an expansion in Kuwait's projects market.
Kuwait Mulls Privatization of Oil Sector
The Kuwaiti Ministry of Finance and state-run Kuwait Petroleum Corporation are seeking to privatize the oil services sector as a part of a privatization program.
Kuwait Looks to Solar for Enhanced Oil Recovery
In its searching for alternative methods to maximise production at a cheaper price, Kuwait Oil Company (KOC) said it was in discussions with companies to use solar for enhanced oil recovery (EOR).
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.
