Monday 29 April 2024
 
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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 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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