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.
Kuwait Oil Company (KOC) has pre-qualified 17 international companies to bid for a project to increase natural gas production in its northern fields.
The oil market is balanced, and current oil prices are fair, according to Talal Al-Sabah, Kuwait’s Acting Deputy Oil Minister.
The Petrochemical Refinery Integration project (PRIZe) will produce 330,000 tonnes of polymer grade propylene each year starting from Q1 2019.
The Egyptian company is negotiating with Libya's Sirte Oil Company to seal an agreement for operational support and services.
Kuwait plans to increase the natural gas production capacity to reach 3.5 bcf/d by 2031-2032.
Resuming production from the Neutral Zone's oilfields will increase the production of Saudi Arabia and Kuwait to 500,000 b/d
Kuwait plans to boost gas production in the upcoming years in order to limit import expenses.
Kuwait’s port of authority announced on January 17 resuming the operations at the Shuwaikh, Doha and Shuaiba ports after the weather conditions improved.
Al Zour oil refinery is expected to start operations by 2020 with a capacity of 615,000 barrels per day (b/d).
Kuwait and Iraq have selected a consultant to estimate the oil reserves in the areas on the border between the two countries.