Tuesday 27 September 2016
 
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heavy oil

Kuwait to permanently shut heavy oil unit

Kuwait has decided to permanently shut its heavy oil cracking unit at its Shuaiba refinery which has been shut since a fire at the unit in August, a spokesman for the state refiner said on Wednesday. The closure of the unit has re

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Heavy oil a strategic resource: Dr Mirza

By K S Sreekumar   The Middle East’s vast heavy oil resources indicate that heavy oil will be an important future energy source for the region, said Bahrain’s Energy Minister Dr Abdul-Hussain bin Ali

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Heavy oil project claims $4bn of Kuwait’s Q1 contracts

Kuwait awarded KD 1.8 billion ($6 billion) worth of contracts in the first quarter (Q1) of 2015, out of which a deal worth KD1.2 billion ($4 billion) for phase 1 of the Lower Fars Heavy Oil Handling Facilities was awarded to UK-based Petrofac, a

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Heavy oil project claims $4bn of Kuwait’s Q1 contracts

Kuwait awarded KD 1.8 billion ($6 billion) worth of contracts in the first quarter (Q1) of 2015, out of which a deal worth KD1.2 billion ($4 billion) for phase 1 of the Lower Fars Heavy Oil Handling Facilities was awarded to UK-based Petrofac, a

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Petrofac, CCC win $4bn Kuwait heavy oil project

A consortium led by Petrofac, an international oil and gas services provider, has won a $4 billion contract for the first phase of Kuwait Oil Company’s (KOC) Lower Fars heavy oil development programme. The consortium include

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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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Kuwait Oil unit plans $4.2bn heavy oil facilities

A unit of state-owned Kuwait Oil Company (KOC) will launch a tender later this year for the construction of facilities to produce heavy oil at a cost of up to 1.2 billion dinars ($4.2 billion), its chief executive said.  

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Kuwait plans to drill for heavy oil

Major crude producer Kuwait plans to start drilling for heavy oil aiming to produce up to 60,000 barrels per day (bpd) of it by 2017, a local newspaper reported on Wednesday. Opec member Kuwait already has a crude oil production c

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Iraq-Iran eyeing major oil push

Both Iraq and Iran are set to play a bigger role in the world's oil markets as the technology to develop heavy oilfields grows, it was revealed. 'While estimates of Iraq's oil reserves suggest it in the region of 112 billion ba

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Bahrain may 'play key role in tech development'

Bahrain could play an important role in developing the technology to increase the production of heavy oil in the region through its creation of Tatweer. The joint venture between the National Oil and Gas Authority, Occidental Petroleum and

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