Thursday 17 April 2014
 
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Kuwait

Bahrain's Ahli United eyes sale or merger: sources

Ahli United Bank (AUB) , Bahrain's largest lender, is evaluating a sale or a merger with a strategic peer in a possible $5 billion deal, several bankers familiar with the situation said. After previous sale attempts to a bank

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Kuwait to award $4.3bn new contract

Kuwait plans to award a 1.2 billion dinar ($4.3 billion) contract later this year for the first phase of a project to produce heavy oil at its northern Ratqa field, the head of state-owned Kuwait Oil Company (KOC) said. The projec

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Chevron breaks ground on Kuwait oil project

Saudi Arabian Chevron along with Kuwait Gulf Oil Company broke ground on their integral oil project at Wafra in Kuwait. With this Main Gathering Center (MGC) Revamp Project, Saudi Arabian Chevron and its partner the Kuwait Gulf Oi

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Burgan seeks bond deal to raise capital

Kuwait's Burgan Bank is said to have hired HSBC, Kamco and NBK Capital for a potential bond deal, according to bankers. It is not clear at this stage if the planned deal will be in US dollars or Kuwaiti dinars, nor whether it

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Lux Assure boosts Mideast presence

Oil and gas asset integrity and corrosion management firm Lux Assure has grown its presence in the Middle East with the appointment of two regional agents as well as a new business development manager. The chemical monitoring spec

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200 delegates to attend Kuwait SPE event

More than 200 delegates are set to attend the first SPE Oilfield Water Management Conference and Exhibition, which will offer a focused technical programme in Kuwait next week.   The event, organised by the Socie

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5 SKorea firms win $7.2bn Kuwait refinery orders

Five South Korean companies have won a combined $7.2 billion in orders from Kuwait National Petroleum Company to expand capacity and improve environmental standards at two oil refineries.   The contracts, which s

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Gulf Bank posts 10pc rise in profit

Kuwait's Gulf Bank missed analyst estimates despite reporting a 10 percent increase in first-quarter net profit on Monday. The country's fourth-largest lender by assets said net profit for the three months to the end of Ma

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Samsung Engg inks $3.8bn Kuwait refinery contract

Samsung Engineering has officially signed a $3.8 billion contract with Kuwait National Petroleum Company (KNPC) to build the Mina Abdullah I refinery of Clean Fuels Project (CFP) about 30 miles southeast of Kuwait city. The project is e

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Samsung Engg inks $3.8bn Kuwait refinery contract

Samsung Engineering has officially signed a $3.8 billion contract with Kuwait National Petroleum Company (KNPC) to build the Mina Abdullah I refinery of Clean Fuels Project (CFP) about 30 miles southeast of Kuwait city. The project is e

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