Kuwait Petroleum Corporation Seeks $1B in Financing from Banks
A parliamentary document reviewed by Reuters shows that Kuwait Petroleum Corporation plans to borrow up to $1 billion from banks including HSBC and JPMorgan.
Kuwait | Egypt Oil & Gas - Part 3
Kuwait Qualifies 70 Companies for Oil Projects
Kuwait announced that it has qualified around 70 local companies, particularly the small and medium-sized petroleum enterprises, to be awarded by the Kuwaiti government.
Kuwait Sets Deadline for Jurassic Gas Bids
Bidding companies are required to submit technical and financial bids for the two Jurassic gas projects, including the establishment of pipelines and processing facilities.
KOC Inks Two Deals to Treat Petroleum-Contaminated Soil in Kuwait
The Kuwait Oil Company (KOC) has inked two new deals to treat the soil polluted by crude oil during the Iraqi occupation in the northern and southern areas of the country.
Kuwait Inaugurates its First LNG terminal
Kuwait has inaugurated its first permanent liquefied natural gas (LNG) terminal, Al Zour LNG terminal, for its LNG importing business.
Kuwait Makes Three New Oil Discoveries
The Kuwaiti Minister of Oil, Electricity and Water, Mohammed Al-Faris announced the discovery of three new oil fields in different regions of the country for Kuwait Oil Company (KOC).
Six Arab Countries Reassert Compliance to OPEC+ Deal
The oil Ministers of Saudi Arabia, UAE, Kuwait, Oman, Iraq, and Bahrain reconfirmed their full support for OPEC+ agreement of cutting oil production in order to further speed up rebalance of oil markets.
Production Restarts at Wafra Oilfield
Crude oil production resumed on July 1 at the Wafra oilfield, which is a joint venture between Kuwait and Saudi Arabia.
Kuwait, Saudi Arabia Set to Resume Production at the Neutral Zone
Kuwait and Saudi Arabia have plans in place to resume oil production at the Neutral Zone at jointly-operated Khafji and Wafra oilfields on July 1.
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.
