KOC, Halliburton Sign $597 MM E&P Agreement
Kuwait Oil Company signed a $597 million contract with Halliburton for offshore exploration and production in Kuwait.
Kuwait | Egypt Oil & Gas - Part 8
El-Molla Discusses Oil Imports, Investments with KPC
Minister of Petroleum Tarek El-Molla discussed with a delegation from the Kuwait Petroleum Corporation (KPC) investment opportunities and projects, especially refining Kuwaiti crude oil in Egyptian refineries.
KUFPEC Seeks Acquisitions to Boost Production
The company’s main reason behind the acquisitions is to boost its oil and natural gas output to reach 150,000 barrels of oil equivalent per day (boe/d) by 2020.
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.
