Tuesday 31 May 2016
 
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KPC

Qatargas in 4-year deal to supply LNG to Kuwait

Qatargas and Kuwait Petroleum Corporation (KPC) have signed a deal to supply half a million tonnes of liquefied natural gas (LNG) to Kuwait over the next four years, according to a report.   The LNG will be sourc

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Kuwait seeks to privatise some KPC facilities

Kuwaiti Finance Minister Anas Al-Saleh told a press conference on Monday that the country would seek to privatise some state-owned projects, including airports, ports and some facilities of the Kuwait Petroleum Corporation (KPC).

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Kuwait to develop Pakistan oil fields

State-run Kuwait Petroleum Corporation (KPC) said on Sunday that its international arm has signed a memorandum of understanding to develop oil fields in Pakistan. The signing by Kuwait Foreign Petroleum Exploration Company (Kufpec

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Kuwait to raise crude output, sign export deals

Kuwait plans to raise its crude oil production by 150,000 barrels per day (bpd) in the third quarter and aims to sign new export deals with European customers soon, a senior Kuwaiti official was quoted as saying. New contracts are

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KPC to sell loss-making assets to cut costs

State-run Kuwait Petroleum Corp (KPC) plans to sell loss-making assets to cut costs as low oil prices pressure its finances, state news agency Kuna has reported. Nizar Al-Adsani, chief executive of KPC, was quoted as saying the co

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Kuwait 'will continue energy investments'

Crude oil prices, which have more than halved since last year, could remain low for a longer time, but that will not deter Gulf Opec member Kuwait from investing in its energy projects, the head of state-run Kuwait Petroleum Corporation said on

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Kuwait 'will continue energy investments'

Crude oil prices, which have more than halved since last year, could remain low for a longer time, but that will not deter Gulf Opec member Kuwait from investing in its energy projects, the head of state-run Kuwait Petroleum Corporation said on

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Kuwait Petroleum Corp names new board

Kuwait's national oil company, Kuwait Petroleum Corp (KPC), has named a new board, three weeks after the oil minister was replaced, a source familiar with the matter said on Tuesday. The identities of the new board members wer

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Kuwait Petroleum sees demand picking up

Crude oil demand will eventually pick up as Chinese growth recovers in coming years, buoying prices, the chief executive of state energy giant Kuwait Petroleum Corp (KPC), Nizar Al Adsani, said.   "Demand wi

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Kuwait Petroleum to sell 2016 gasoil, jet fuel term at lower premiums

Kuwait Petroleum Corp (KPC) has agreed to sell its 2016 term barrels for gasoil and jet fuel at 8-11 per cent lower premiums, indicating a further weakening of the middle distillates market next year, traders said.  

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