Kuwait, Saudi Arabia Suspend Joint Field Production in June
Kuwait and Saudi Arabia will suspend oil production from their joint Khafji oil field and shut down affiliated facilities for one month starting from June 1.
Kuwait | Egypt Oil & Gas - Part 3
Saudi Arabia, Russia Cooperate Over Oil Market
Prince Abdulaziz bin Salman bin Abdulaziz, the Minister of Energy, and the Minister of Energy for the Russian Federation Alexander Novak are in constant contact on the developing oil market situation.
Kuwait to Voluntarily Further Reduce Production by 80,000 bbl/d
Kuwait’s oil minister, Khaled Al-Fadhel, announced that Kuwait will support the Kingdom of Saudi Arabia’s efforts to restore stability to oil markets by cutting production by 80,000 barrels per day (bbl/d).
KOTC Receives Shegardiah Oil Tanker
The Kuwait Oil Tanker Company (KOTC) received the Shegardiah oil tanker from South Korean manufacturer Hyundai Mipo Dockyard on April 28.
OPEC+ Decisions Could Curb Oil Supply by 20%
The Organization of the Petroleum Exporting Countries and its allies (OPEC+) announced yesterday to cut oil production by 10 million barrels per day (mmbbl/d) effectively from May 1 through June 30, curbing global ...
Kuwait to Raise Production to 4 MMBBL/D by 2040
Kuwait commenced operations in the country's largest heavy oil project, located in the north, under the framework of raising its production capacity to 4 million barrels per day (mmbbl/d) by 2040.
Production to Resume in Wafra Field
Wafra field, located in the Neutral Zone, will restart its oil production by March, according to Khaled Al-Fadhel, Kuwaiti Oil Minister.
Jordan’s Maan Refinery to Commence Production in 2024
Jordan’s Maan refinery is anticipated to commence production in H2 2024. The project is a joint investment of Jordanian, Kuwaiti and American investors.
KPC Borrows $6.58 B from National Banks
The Kuwait Petroleum Corporation’s (KPC) board of directors made several vital decisions to finance its strategic projects, among them KPC has gained the approval to borrow around $6.58 billion from Kuwaiti banks. ...
Apicorp Anticipates Petrochemical Investments’ Value in 2019-2023
According to the Gas Investments Outlook 2019-2023 released by the Arab Petroleum Investment Corporation (Apicorp), petrochemical investments in the Middle East and North Africa (MENA) region are expected to drop ...
