Kuwait | Egypt Oil & Gas - Part 22

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 the state’s privatization program, reported Kuwait Times. Undersecretary, ...

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) to help meet the gove...

Kuwait Calls on Oil Production Freeze

The Kuwait’s Deputy Foreign Minister, Khaled Jarallah, stressed the importance of reaching a consensus among oil producing countries on an output ceiling to prop up crude prices, and he said that “There is...

Kuwait Boost Purchase of Russian LNG

Kuwait has plans to purchase up to 1.5m metric tons of Liquefied Natural Gas (LNG) from Russia on an annual basis, according to the 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, according to the Kuwait Times. “An agreement has been reach...

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, Al Arabiya reported.  According to preliminary ...

Kuwait Committed to its Planned $100b Oil Investment

Kuwait is committed to its petroleum investment plans despite the prospect of low oil prices persisting, reported Arabian Business. Kuwait Petroleum Corporation (KPC) CEO, Nizar al-Adsani, said that the company was an...

EGPC, ADNOC Negotiating Fuel Shipments and Payments

The EGPC is currently in negotiations with Abu Dhabi National Oil Company (ADNOC) for shipments of petroleum products and payment facilitations, Daily News Egypt reports. An official told the paper that the negotiatio...

Kuwait to Resume Operations from Oilfields Shared with Saudi

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, reported Reuters. The Kuwaiti Emir did not elaborate ...

Kuwait Joins Saudi-South Korean Petrochem Venture

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, reported Reuters. T...

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