A jointly operated onshore oilfield between Saudi Arabia and Kuwait will shut for maintenance, a move apparently aimed at giving the Gulf OPEC allies more time to solve a long-standing dispute.
Gulf petrochemical and chemical exports exceeded 65 million tonnes last year, in comparison to less than 36 million tonnes in 2006, according to an expert.
Saudi Arabia, Kuwait and the United Arab Emirates deposited $6bn with Egypt's Central Bank, the bank's governor said, a sign that the gulf powers remain committed to propping up the Egyptian economy.
The world's biggest oil exporters in OPEC have increased production and are now pumping almost 2m bpd more crude than required, the highest surplus for at least a decade.
A Saudi Arabian unit of U.S. oil major Chevron has told its Kuwaiti partner it plans to shut down an oilfield jointly operated between the two Gulf OPEC countries next month over long-standing disputes, three industr ...
Kuwait, which plans to boost oil output capacity by a third by 2020, has discovered four new oilfields in the north and west of the country, a top oil official was quoted as saying by state news agency KUNA on Sunday.
A high-ranking Iranian gas industry official says the Islamic Republic is ready to export natural gas to Kuwait via a pipeline, which is being built to transfer Iran's gas to its western neighbor, Iraq.
Leading automation and technology services company Emerson Process Management recently signed a Memorandum of Understanding (MOU) with Kuwait Oil Company (KOC) to help develop the technical expertise of KOC's operati ...
Kuwait Energy ("the Company") an independent oil and gas company with assets across the MENA region, and their main partner, the Egyptian General Petroleum Corporation (EGPC), announces that the exploration well ASH- ...
Kuwait-based Qurain Petrochemical Industries Company (QPIC) has announced that its vice chairman and CEO, Sadoun Ali, was named one of the region’s most successful business leaders in the “Top CEO 2015” event that to ...