Kuwait | Egypt Oil & Gas - Part 21
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.
Kuwait Approves Petrol Price Hike
Kuwait has approved an increase in prices of gasoline sold locally by 42% to 83% depending on the grade in an attempt to align local rates with GCC averages.
Kuwait Plans to Raise Gasoline Prices
Kuwait plans to raise the prices of gasoline to 73% by September in light of the oil price decline affecting the energy-rich Gulf state’s finances.
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.
