Kuwait | Egypt Oil & Gas - Part 9
KOTC’s Vessels Operating Normally
Kuwait Oil Tanker Company (KOTC) announced that its vessels were operating normally after a suspected attack on two tankers in the Gulf of Oman, Reuters reported. The company said that it has taken precautions to be r...
Kuwait, Qatar to Use Iraqi Pipelines
Kuwait and Qatar plan to use Iraqi pipelines as an alternative route for oil exports, Arab Times reported citing Al-Anba. The two countries could use the pipelines to export oil and gas shipments through Iraqi Kurdist...
Oil Market to Balance by End-2019
The international oil market is expected to achieve balance by the end of 2019, yet the Organization of the Petroleum Exporting Countries (OPEC) will continue to work on maintaining the market balance, according to Ku...
KUFPEC, Pakistan Sign Exploration Concession Agreement
Kuwait Foreign Petroleum Exploration Company’s (KUFPEC) unit Kirthar Pakistan signed an exploration concession agreement for a block in Pakistan, Pipeline Oil and Gas Magazine reported. Block No. 3371-19, Makhad...
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, according to Khalid Al-Jarallah, Kuwait’s Deputy Foreign Min...
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 and the tenders will be issued within one month, Zawya reported, cit...
Current Oil Prices Are Fair: Kuwait Deputy Oil Minister
The oil market is balanced, and the current oil prices are fair, according to Talal Al-Sabah, Kuwait’s Acting Deputy Oil Minister, Reuters reported. “The current oil prices of around $74 per barrel are fair prices ...
KPC Awards Petrochemicals Contract to McDermott
A subsidiary of Kuwait Petroleum Corporation (KPC), Kuwait Integrated Petroleum Industries Company (KIPIC), has awarded McDermott a technology contract to develop a petrochemical refinery in Al Zour, Kuwait, Pipeline ...
