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'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.
Dutch oilfield services company Frames, in partnership with aQuaintance, has successfully completed the design and manufacturing of four solar powered chemical injection systems for the Kuwait Oil Company (KOC)'s Ear ...
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.
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 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.
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 ...