Kuwait | Egypt Oil & Gas - Part 27
Unresolved Disputes Lead to Shutdown of Wafra Oilfield
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. A Kuwaiti industry sour...
GCC PetroChem Exports On Rise But Still Face Supply Problems
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. Mohammad Husain, president and chief executive officer, Equat...
Egypt Receives $6bn from Saudi Arabia, UAE & Kuwait
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. ̶...
OPEC Pumps Record 2m bpd in Q1
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, according to Reuters. The Organization o...
Kuwait Problems Prompt Saudi Chevron Unit Shutdown in Neutral Zone
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 industry...
Kuwait Oilfield Discoveries Announced After Two-Year Delay
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....
Iran Plans to Export Gas to Both Iraq and Kuwait
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. “It is p...
Automation Lessons for Kuwaiti Oil from Emerson
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 op...
