Thursday 11 February 2016
 
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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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Kuwait Petroleum to sign service deals by year-end

Kuwait Petroleum Corp (KPC) said on Monday it was in talks with Shell, BP and Total about signing technical service deals and aimed to finalise them by the end of the year. "It will be for heavy oil and greater Burgan and nor

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Kuwait won't slow investment in oil projects

Kuwait will not slow the development of its oil industry projects in response to the fall of crude prices, its oil minister Ali Al-Omair told an industry conference on Sunday. The chief executive of state energy giant Kuwait Petro

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Kuwait Petroleum in talks with Indonesia's Pertamina to build refinery

Kuwait Petroleum Corp (KPC) is in talks with Indonesia's Pertamina to build an at least 200,000 barrels-per-day refinery in the Southeast Asian country as it aims to lock in buyers for its future oil supply, KPC's international marketi

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