Kuwait | Egypt Oil & Gas - Part 22
Kuwait’s Stalled Shuaiba Refinery Unit to be Shut Down by 2017
Kuwait has decided to permanently shut down its heavy oil cracking unit at its Shuaiba refinery, stalled since a fire in August 2015.
Minor Gas Leak at Major Kuwaiti Refinery
Kuwait's major refinery, Mina Al-Ahmadi, suffered a gas leak that occurred in the second line of a gas liquefaction plant and injured a laborer, but did not affect the plant's operations.
Kuwait Drilling and Honghua Group Struck $25m Deal
Chinese-based land drilling rig manufacturer, Honghua Group (HH), has entered into a $25m sales agreement for ultra-deep drilling rigs with Kuwait Drilling Company (KDC).
Egypt to Import 3m Barrels of Crude Monthly from Kuwait
Egypt and the Kuwait Petroleum Corporation (KPC) have signed an agreement to supply Egypt with up to 3m barrels of oil per month through September, as well as solar and jet-fuel supplies worth $1.2b annually.
Egypt to Receive $187.5m from Kuwait for Butane Imports
Kuwait has granted Egypt a $187.5m loan to import butane, a deal that is likely to be fulfilled after years of negotiations.
Kuwait Lifting Fuel Subsidies, Adopting Tax Reform
Kuwait's government has decided to lift fuel subsidies and apply new water and electricity consumption prices, postponing an official announcement, until the Ministry of Commerce and Industry designs an effective pla ...
GTUPW Signs Protocol with Kuwait in the Petrochemical Industry
The General Trade Union for Petroleum Workers (GTUPW), headed by Mohammed Saafan, signed a protocol of cooperation with the Kuwaiti Federation of Petroleum and Petrochemical Workers, headed by Yousif Yacoub Al-Kandar ... Kuwait on Verge of Fiscal Reforms, Projecting Subsidy Cuts
The Kuwaiti government is showing a willingness to push forward fiscal reforms including subsidy cuts, due to the persisting low price of crude, and pressure over lacking support for the country's currency.
