Kuwait | Egypt Oil & Gas - Part 23
Kuwait Names New Oil Minister
Kuwait has appointed Anas al-Saleh, the Finance and Deputy Prime Minister, as a new acting Oil Minister, having replaced Ali al-Omair in the post.
Kuwait Fund to Finance Egypt-Saudi Power Grid
The Egyptian government and the Kuwait Fund for Arab Economic Development (KFAED) have signed a loan agreement worth $98.7m to finance the power grid project between Egypt and Saudi Arabia.
Kuwaiti Government Studys Gasoline Reforms, Parliament Notwithstanding
Kuwait's government is studying whether to raise fees for its services, Finance Minister Anas al-Saleh told the local press.
Bahraini $1.5b Bond Sales Send Bad Signals to Debtors
Bahrain's $1.5b bond sale, last week, is a bad sign that Gulf borrowers will have to pay a lot more to issue debt in coming months because of low oil prices and less enthusiastic investors.
EGPC in Negotiations with Kuwait to Increase Imports
The Egyptian General Petroleum Corporation is currently in negotiations with the Kuwait Petroleum Company to increase the number of barrels supplied by the KPC from 2.2m barrels monthly to 2.7m barrels.
Oil Prices a Threat to GCC, Kuwait Experts Say
Two Kuwaiti oil experts – Mohammad Al-Shatti and Amer Al-Tamimi – urged the GCC countries to put plans and take reform measures to face falling oil prices.
Dow Chemical’s ME Global to be Sold to Equate for $3.2b
Kuwait's Boubyan Petrochemical Co.’s affiliate Equate had signed a $3.2 b deal to buy ME Global from Dow Chemical and a subsidiary of state-run Kuwait Petroleum Corp.
Egypt to Import Petroleum Products from Kuwait
Negotiations with Kuwait are underway to supply with new quantities of petroleum products Egypt for the winter period during the years 2016 and 2017, reported Egypt Oil & Gas.
