Kuwait | Egypt Oil & Gas - Part 24
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, reported Reuters. According ...
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. Al-Omair was previously rumored to be dismissed over his recent attemp...
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, reported Amwal Al-Ghad. Egy...
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, reported Reuters. Saleh explained that this move was part of a project to rationalise ...
Bahraini $1.5b Bond Sales Send Bad Signals to Debtors
Reuters reported that 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, Egypt Daily Ne...
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, reported KUNA. They reminded the GCC states that they depend ...
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., reported Reuters. Under this non-binding ag...
