Kuwait | Egypt Oil & Gas - Part 8

KOTC’s Vessels Operating Normally

Kuwait Oil Tanker Company (KOTC) announced that its vessels were operating normally after a suspected attack on tankers in the Gulf of Oman.

Kuwait, Qatar to Use Iraqi Pipelines

Kuwait and Qatar plan to use Iraqi pipelines as an alternative export route for oil and gas shipments through Kurdistan to Turkey.

Oil Market to Balance by End-2019

The Kuwaiti Oil Minister expects the market to achieve balance by the end of 2019, yet OPEC will continue to work on maintaining stability.

KUFPEC, Pakistan Sign Exploration Concession Agreement

Kuwait Foreign Petroleum Exploration Company's unit Kirthar Pakistan signed an exploration concession agreement in Pakistan.

GCC Countries Cooperating to Stabilize Oil Market

Arabian Gulf countries are working to strengthen their coordination in supplying crude oil to global markets, especially amidst increased regional tensions.

Kuwait Announces Potential Bidders for Gas Project

Kuwait Oil Company (KOC) has pre-qualified 17 international companies to bid for a project to increase natural gas production in its northern fields.

Current Oil Prices Are Fair: Kuwait Deputy Oil Minister

The oil market is balanced, and current oil prices are fair, according to Talal Al-Sabah, Kuwait’s Acting Deputy Oil Minister.

KPC Awards Petrochemicals Contract to McDermott

The Petrochemical Refinery Integration project (PRIZe) will produce 330,000 tonnes of polymer grade propylene each year starting from Q1 2019.

EPROM to be Supplier for Kuwaiti Refinery

The Egyptian company is negotiating with Libya's Sirte Oil Company to seal an agreement for operational support and services.

Kuwait to Increase Gas Output Capacity by 2031-2032

Kuwait plans to increase the natural gas production capacity to reach 3.5 bcf/d by 2031-2032.

Page 8 of 30

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