Kuwait | Egypt Oil & Gas - Part 28
South Korea to Expand Energy Cooperation with Kuwait
South Korea is seeking to promote economic ties with Kuwait to the level of energy cooperation, visiting Minister of Trade, Industry and Energy Yoon Sang-jick has said.
Oil Price Slump Cuts Kuwait Budget Surplus
Kuwait's government budget surplus shrank 26% in the first nine months of this fiscal year as lower oil prices cut revenue sharply, analysts at National Bank of Kuwait (NBK) calculated, using Ministry of Finance data.
Kuwait Adamant on Expanding Production Despite Oil Prices
Kuwait plans to boost its oil and gas drilling rigs by 50% by early 2016 as it seeks to boost crude and gas production despite low oil prices, the head of state-run Kuwait Oil Co (KOC) said.
Kuwait Invests $6.8 billion in Egyptian Energy Projects
Egypt has agreed preliminary deals with Kuwaiti companies for the establishment of petrochemical projects worth $6.8 billion, the government said on Sunday.
Kuwait Will Produce 60,000 b/d of Heavy Oil by 2018
Kuwait will produce its first batch of 60,000 barrels of heavy oil a day by 2018, Minister of Oil and Minister of State for National Assembly Affairs Dr. Ali Al-Omair announced.
Kuwait Oil Spending Plans Oblivious of Prices
Kuwait plans to spend of more than KD34 billion ($116 billion) on projects in a new five-year development plan in spite of the recent slump in oil prices, a report said.
Iran Revives Plans to Sell Gas to Kuwait
Iran has announced readiness to start exporting natural gas to Kuwait.
Kuwait Oil Tanker Foiled Eden Gulf Pirate Attack
Crew and security personnel of a Kuwaiti oil tanker sailing through the Gulf of Aden have succeeded in foiling a bid by pirates to take over the gigantic vessel.
