Kuwait aims to increase its oil and gas production and reserves through acquisitions of assets abroad as well as expanding its exploration efforts at home, the head of Kuwait Petroleum Corp said on Monday.
KPC’s Chief Executive Officer Nizar al-Adsani also said that while Asia would remain the focus for Kuwaiti oil exports, the national oil company was also keeping an eye on the African market for possible acquisitions.
“We have started working with financial institutions to achieve strategic partnerships to find the optimum solutions to finance our current and future projects,” Adsani told a news conference in Kuwait City.
-
Kuwait replaces oil officials at KPC after $2.2bn Dow payment
State-run Kuwait Petroleum Company (KPC) appointed a new chief executive and suspended other top officials after the country paid $2.2 billion in ... Energy -
Kuwait Petroleum Corp seeks early May LNG cargo
Kuwait Petroleum Corporation has launched a tender seeking a liquefied natural gas (LNG) cargo for May delivery, trader sources said.One source said ... Energy -
Shell agrees UK North Sea, Thai asset sales worth $4.7 bln
Sold a stake in Thailand’s Bongkot gas field to Kuwait Foreign Petroleum Exploration Company for $900 million Energy -
Kuwait Amir appoints Essam al-Marzouq as new oil minister
He has previously served as head of the country’s stock exchange and as a board member of state-run Kuwait Petroleum Corp Energy