Kuwait | Egypt Oil & Gas - Part 21
Van Oord Completed Land Reclamation for Kuwaiti Refinery
Netherland’s’ Van Oord, a leading international contractor specializing in dredging, marine engineering and offshore projects, has successfully executed ground improvement for the Kuwait National Petroleum...
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, reported Kuwait Times. Kuwait is diffe...
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 o...
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, Reuters reported. Company’s Spokesman, Emad Sultan confirmed there was no fire ...
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, Hellenic Shipping News reported. The move comes in light ...
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, according to Al-Borsa News. The payment for the imported crude stretches over nine 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, Bloomberg reports. The price increase will start as of Sept...
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, Reuters reported. The price for the ultra gasoline grade would increa...
