Agiba, Pharaonic Petroleum to Boost Investments for FY 2020/21

• Monday, 24th February 2020
• by Editorial Team

Agiba Petroleum Company and Pharaonic Petroleum Company (PHPC) both announced to boost their investments during Fiscal Year (FY) 2020/21, according to a press release. Agiba is pumping $577 million of investments duri...

KPC Borrows $6.58 B from National Banks

• Tuesday, 14th January 2020
• by Editorial Team

The Kuwait Petroleum Corporation’s (KPC) board of directors made several vital decisions to finance its strategic projects, among them KPC has gained the approval to borrow around $6.58 billion from Kuwaiti banks, as ...

Kuwait’s Burgan Drilling’s Profit Drops by 84.6% YoY

• Monday, 18th November 2019
• by Mai El Ghandour

Kuwait’s Burgan Company for Well Drilling, Trading, and Maintenance has reported an 84.6% year-on-year (YoY) profit decline during Q2 of fiscal year (FY) 2019/20, according to Zawya. The company’s profit declined to K...