Kuwait | Egypt Oil & Gas - Part 23
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.
Kuwait’s Power and Water Plant Reaches 50% of Production Capacity
Shamal Azzour Al-Oula KSC, the Kuwait's power and water desalination plant has crossed the 664.2MW power production milestone, which represents 50 % of the country's long-term plan to increase its power capacity, and ...
Kuwait’s LNG Import on Rise
Kuwait's liquefied natural gas (LNG) imports is expected to rise by 17 % to 3m tonnes in 2015, up from 2.5m in 2014, boosted by the fuel's growing competitiveness with gas oil.
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.
