Kuwait | Egypt Oil & Gas - Part 28
Kuwait Foreign Petroleum Accumulating Underwritten Debt
Kuwait Foreign Petroleum Exploration Company (Kufpec), a wholly-owned subsidiary of Kuwait Petroleum Corp, said on Saturday it had received an additional $1.5 billion loan, raising a previous debt it took last Novembe...
Kuwait: Risk Management Key to Surviving Shale and Price Crunch
The drop in oil prices represents a crucial threat to the execution of many mega projects worldwide, Kuwait Petroleum Corporation CEO Nizar Al-Adsani said on Sunday. The falling oil prices meant that the overall liqui...
Kuwait: GCC States Making Renewable Energy a Priority
Kuwait pays great attention towards the environmental development and the management of power sources, said Kuwaiti Ambassador to Italy Shaikh Ali Al Khalid Al Jaber Al Sabah on Sunday. The diplomat’s remarks were mad...
Tarek El Molla: EGPC Forging Ahead with Iraq Project
EGPC plans to start crude oil production in South Iraq’s “9” zone by the beginning of 2016. EGPC has a 10% stake of Kuwait Energy in the privileged area. EGPC CEO Tarek El Molla said in a statement that the Basra res...
Kuwait Winning Crude Exploration Rights in Pakistan, Iraq
Kuwait Foreign Petroleum Exploration Company K.S.C. (KUFPEC) signed an exploration license and petroleum concession agreement with Pakistan, with the South Asian state awarding the Kuwaiti firm exploration rights in t...
Oil Prices Force Kuwait’s Hand Over Corporate Tax, Talking to IMF
Kuwait has sought help from the International Monetary Fund (IMF) to introduce corporate taxes in a bid to diversify revenue in the face of falling oil prices, a senior government official said. “The IMF will pr...
Egypt’s EGPC to Invest for First Time Outside Country in Iraq/Kuwait Deal
Egypt’s state oil company signed an agreement to join Kuwait Energy in developing an oil field in southern Iraq, the company’s first foray into upstream work outside of Egypt, the Egyptian oil minister sai...
Kuwait: OPEC Likely to Maintain Price Policy till June 5
OPEC is likely to maintain its production policy at a meeting in June, Kuwait’s OPEC governor said on Tuesday in the first public comment on what would be a crucial decision to determine the direction of global ...
