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Results for

kuwait oil

30 Results
  • Kuwait’s KUFPEC signs oil concession agreement in Pakistan

    Kuwait’s KUFPEC signs oil concession agreement in Pakistan

    State-run Kuwait Foreign Petroleum Exploration Company (KUFPEC) said on Wednesday its Pakistan unit has secured a concession for the Makhad oil block ...
    Energy
  • Kuwait to boost gas output capacity to 3.5 bln cubic feet by 2031-2032

    Kuwait to boost gas output capacity to 3.5 bln cubic feet by 2031-2032

    Kuwait plans to boost its natural gas output capacity to 3.5 billion cubic feet (scf) per day by 2031-2032 from 1.9 billion scf a day now, the chief ...
    Energy
  • Kuwait sees risk of oil supply shortage in 2019 due to Venezuela

    Kuwait sees risk of oil supply shortage in 2019 due to Venezuela

    The head of state-run Kuwait Petroleum Corp, Hashem Hashem, said on Tuesday that global oil supply could be hit this year by big reductions in exports ...
    Energy
  • Kuwait to boost spending, eyes oil price at $55-$65/bbl

    Kuwait to boost spending, eyes oil price at $55-$65/bbl

    Kuwait on Monday projected a 4.7 percent rise in spending to 22.5 billion dinars ($74.15 billion) as part of its state budget for the year ending on ...
    Economy
  • Kuwaiti oil minister calls sector spending plans ‘optimistic’

    Kuwaiti oil minister calls sector spending plans ‘optimistic’

    Kuwaiti oil minister Khaled al-Fadhel wants the funds allocated by the oil sector for spending within the 2040 strategy to be reconsidered, Al Rai ...
    Energy
  • Kuwait resumes operations at three ports after weather improves

    Kuwait resumes operations at three ports after weather improves

    Kuwait’s port authority has resumed operations at the Shuwaikh, Doha and Shuaiba ports on Thursday after weather conditions improved, the state ...
    Energy
  • Kuwait’s National Petroleum studies new oil refinery - oil ministry

    Kuwait’s National Petroleum studies new oil refinery - oil ministry

    Kuwait National Petroleum Co (KNPC) is studying the construction of a new oil refinery in the south of the country, the oil ministry’s website ...
    Energy
  • Kuwait Petroleum Corp renews contract to supply Lebanon with gas oil

    Kuwait Petroleum Corp renews contract to supply Lebanon with gas oil

    Kuwait Petroleum Corporation has renewed its contract with Lebanon's energy ministry to supply Lebanon’s state electricity company with gas oil ...
    Energy
  • Abu Dhabi’s NPCC wins $231 mln construction contract from Kuwait Oil

    Abu Dhabi’s NPCC wins $231 mln construction contract from Kuwait Oil

    Abu Dhabi's National Petroleum Construction Co. (NPCC) said on Saturday it had won a $231 million construction contract from Kuwait Oil Company. The ...
    Energy
  • Bus collision kills 15 oil workers in Kuwait

    Bus collision kills 15 oil workers in Kuwait

    Fifteen oil workers, most of them from the Indian subcontinent, were killed Sunday in a head-on collision between two buses in southern Kuwait, ...
    Gulf
  • Fire at Kuwait’s Burgan oilfield injures four people

    Fire at Kuwait’s Burgan oilfield injures four people

    A fire that broke out at a work site at Kuwait's Burgan oilfield has injured four people, Kuwait Oil Company (KOC) said on Thursday. The ...
    Energy
  • OPEC says winning battle to curb oil glut

    OPEC says winning battle to curb oil glut

    Output cuts by OPEC and other oil producers are clearing a supply glut that has depressed crude prices for three years, ministers said on Friday, ...
    Energy
  • Oil price to stay at $50-$55, says Kuwait minister

    Oil price to stay at $50-$55, says Kuwait minister

    Kuwaiti Oil Minister Essam al-Marzouk has said he expects oil prices to stay between $50 and $55 a barrel and that the market will rebalance by the ...
    Energy
  • Kuwait’s KNPC to spend $11.6 bln over five years

    Kuwait’s KNPC to spend $11.6 bln over five years

    State-refiner Kuwait National Petroleum Corp (KNPC) plans to spend around $11.6 billion (3.5 billion dinars) from 2018-2023, Kuwaiti newspaper Al Rai ...
    Energy
  • Kuwait Petroleum Corp seeks early May LNG cargo

    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
  • Kuwait Oil Company announces emergency after oil leak

    Kuwait Oil Company announces emergency after oil leak

    Eastern Saudi beaches were not affected by the leak, according to an official statement
    Energy
  • Kuwait oil workers call off strike and return to work

    Kuwait oil workers call off strike and return to work

    The surprising decision came only hours after the union leaders told a press conference that they would continue their strike
    Energy
  • Kuwait refines oil pricing in battle for European customers

    Kuwait refines oil pricing in battle for European customers

    The European market has been neglected by major OPEC producers due to poor growth
    Energy
  • Kuwait's Shuaiba oil refinery resumes operation

    Kuwait's Shuaiba oil refinery resumes operation

    The Shuaiba oil refinery in Kuwait resumed operation on Saturday, the head of state refiner Kuwait National Petroleum Company (KNPC) said on his ...
    Energy
  • Kuwait to boost drilling rigs: KOC

    Kuwait to boost drilling rigs: KOC

    The company wants to add 150,000 barrels of crude per day to the current production potential
    Energy
  • Kuwait Petroleum Corp chief says expects oil below $100 for next few years

    Kuwait Petroleum Corp chief says expects oil below $100 for next few years

    Kuwait has a long-term plan to boost its crude oil production capacity to 4 million barrels per day
    Energy
  • Kuwait minister: oil price fall won’t slow development projects

    Kuwait minister: oil price fall won’t slow development projects

    The government had decided to postpone any removal of subsidies from petrol, electricity and water
    Economy
  • Kuwait says no impact on output or plans from oil price drop

    Kuwait says no impact on output or plans from oil price drop

    Hashem Hashem, chief executive of Kuwait Oil Co, said the company was continuing its long-term plans to raise production capacity
    Energy
  • South Korea delivers new oil tanker for Kuwait

    South Korea delivers new oil tanker for Kuwait

    Gulf state takes delivery of 2.2-million barrel crude oil tanker
    Energy
  • Kuwait signs $3bn deal to buy gas from BP

    Kuwait signs $3bn deal to buy gas from BP

    Gulf state seeks to meet rising energy demand to power air conditioning during scorching summers
    Energy
  • Kuwait signs $12bn oil contracts, tenders others

    Kuwait signs $12bn oil contracts, tenders others

    State-owned KNPC signs contracts with consortia led by Britain’s Petrofac, the U.S. firm Fluor and Japan’s JGC Corporation
    Energy
  • Kuwaiti oil refineries vulnerable to more power problems

    Kuwaiti oil refineries vulnerable to more power problems

    Last month, a power failure shut down all three of the country’s oil refineries
    Energy
  • Kuwait’s Shuaiba oil refinery still shut after power cut

    Kuwait’s Shuaiba oil refinery still shut after power cut

    Power cuts are common in the Gulf OPEC oil producer because of an antiquated and unstable electricity supply system
    Energy
  • Kuwait in $1.1bn deal to buy Australia gas stakes from Shell

    Kuwait in $1.1bn deal to buy Australia gas stakes from Shell

    Kuwait Foreign Petroleum Exploration Company boosts ownership of Western Australia project
    Energy
  • Kuwait replaces oil officials at KPC after $2.2bn Dow payment

    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
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