Kuwait Petroleum Corporation (KPC)

KUWAIT, April 28 (KUNA) -- The price of Kuwaiti oil went up by 10 cents to reach USD 69.37 per barrel Friday in contrast to USD 69.27 pb the day before, said the Kuwait Petroleum Corporation (KPC) Saturday. Globally, the price went down slightly due to worries over the status of supplies and possible US ...

The groundbreaking ceremony for Duqm Refinery was held at the project site to commemorate the beginning of construction work at the US$7bn joint venture project between Oman Oil Co and Kuwait Petroleum International (KPI). On sourcing crude for the refinery, Nieuwenhuijze said: “As per the ...

KUWAIT, April 27 (KUNA) -- The price of Kuwaiti oil price went by 36 cents to USD 69.27 per barrel Thursday as oppose to Wednesday's USD 68.91 pb, said the Kuwait Petroleum Corporation (KPC) Friday. At the global level, the price went up supported by the possibility of renewing US sanctions against ...

Kuwait Oil Tanker Company (KOTC) and South Korean shipbuilding firm Hyundai Mipo Dockyard have cosigned a contract worth $167.6 million to build a quartet of petroleum products tankers, as part of a major KOTC fleet overhaul. The signing ceremony brought together senior officials from both ...

The first of the vessels will be delivered in February 2020 with deliveries of the others following by May 2020. The orders are part of a major KOTC fleet overhaul that aims for a significant increase of the company's gas and petroleum products vessels based on the needs of Kuwait Petroleum Corporation.

Kuwait Oil Tanker Company (KOTC) and South Korean shipbuilding firm Hyundai Mipo Dockyard representatives during the signing ceremony. By Osama Jalal KUWAIT, April 24 (KUNA) -- Kuwait Oil Tanker Company (KOTC) and South Korean shipbuilding firm Hyundai Mipo Dockyard have co-signed a ...

Kuwait is planning to more than double its tanker fleet over the next two decades, as it aims to secure future crude oil and product supplies, Kuwait Petroleum Corp CEO Nizar al-Adsani Monday said. The massive expansion could take Kuwait's total fleet to 60 vessels by 2040 from 28 vessels currently, ...

Despite the ongoing oil production cuts across OPEC, Kuwait has announced plans to expand its oil and oil product tanker fleet twofold over the next 20 years to 60 vessels, the chief executive of Kuwait Petroleum Corp, Nizar al-Adsani said as quoted by S&P Platts today. The move is the latest indication ...

(Petrobangla) and Kuwait Petroleum Corp. lead in terms of capacity additions throughout 2018 and 2022, according to GlobalData, a leading data and analytics ... Kuwait Petroleum Corp. leads in terms of CAPEX spending and has a proposed CAPEX of US$3.0 billion to be spent on planned regasification ...

This comes as part of Kuwait Petroleum Corporation's (KPC) 2040 ambitious road map for the country's oil sector with the ultimate goal to maximize revenue generation to the Kuwait's economy, said the Kuna report citing the country's oil minister. "Through this we aim to raise production of nonassociated ...

Kuwait plans to invest $113bn over the next five years to enhance oil exploration and production activities both inside and outside the country, according to a news report by Kuwait News Agency (Kuna). Nizar Al-Adsani, CEO of Kuwait Petroleum Corporation (KPC), said that KPC's 2040 strategic direction ...

Kuwait plans to invest a whopping KD34 billion ($113 billion) over the next five years mainly to boost oil exploration and production activity both inside and outside the country, reported Kuwait News Agency (Kuna). This comes as part of Kuwait Petroleum Corporation's (KPC) 2040 ambitious road map for ...

Kuwait Petroleum Corporation is likely to buy a stake in an Indian refinery-cum-petrochemical project that is likely to increase the country's supply by at least 200,000 barrels per day (bpd). "There will be an announcement to this effect in one or two weeks, as we are planning to buy a stake in a refinery and ...

GlobalData's latest report, 'Semi-Annual Global Capacity and Capital Expenditure Outlook for LNG Regasification Terminals – Petrobangla and Kuwait Petroleum Lead Global Capacity Additions', indicates that global liquefied natural gas (LNG) regasification capacity is expected grow by 39.6% during ...

Kuwait Petroleum Corporation (KPC) and its subsidiaries made revenues of KD 15 billion in nine months from April to December 2017, well-informed sources said. Crude oil revenues were KD 9 billion, while those of oil products were KD 325 million and those of gas KD 122 billion, the sources added.

Gunvor acquired a significant amount of storage in Rotterdam, Europe's deepest port and a hub for its oil trading, when it purchased the 88,000-barrels-per-day Rotterdam refinery from Kuwait Petroleum International in 2016. It sold its stake in crude oil storage at the Maasvlakte Olie Terminal late last year ...

CAIRO -- The State of Kuwait dedicates maximum concern for the youth because "they are the builders of the future, carriers of the torch of development and progress," says the visiting Kuwait's Information Minister Mohammad Al-Jabri. Issued at 14:20 p.m. (11:20 GMT). MANAMA -- Kuwaiti racers have won ...

Oil covered gloves are placed on the Abraxas Petroleum Bullseye 101H well Monday June 27, 2016 in Atascosa County near Jourdanton, Texas. Even as some oil companies like Royal Dutch Shell and BP predict oil demand will peak before 2040 — as electric vehicles hit the road and governments ...

KUWAIT -- The price of Kuwaiti oil went down by 98 cents to USD 62.49 per barrel Wednesday as oppose to USD 63.47 pb the day before, said the Kuwait Petroleum Corporation (KPC) Thursday. (Issued at 09:02 local time or 06:02 GMT). International: GENEVA -- Kuwait on Thursday stressed to the UN ...

... part in the ninth edition of Offshore Arabia Conference and Exhibition, a platform to meet and discuss the future of offshore environment, oil and gas, marine, and renewable energy in the Middle East and North Africa regions. Founded in 1957, KOTC, a subsidiary of Kuwait Petroleum Cooperation (KPC), ...

KUWAIT, March 1 (KUNA) -- The price of Kuwaiti oil went down by 98 cents to USD 62.49 per barrel Wednesday as oppose to USD 63.47 pb the day before, said the Kuwait Petroleum Corporation (KPC) Thursday. At the global level, the price of oil went down due to statistics showing an increase in US ...

Kuwait Petroleum International (KPI), the international subsidiary of Kuwait Petroleum Corporation, is planning to further boost its presence in Europe, announced KPI CEO Nabil Bourisli at the Kuwait National Day's celebration in Brussels, Belgium.

Non-oil growth would increase nearly four per cent, while Hydrocarbon is expected to increase by 4.5 per cent this year and to expand afterwards in line with Kuwait Petroleum Corporation's US$500 billion investment plan for the next two decades which aims at boosting its crude oil production capacity to ...

... * Kuwait Petroleum Corp has issued a tender seeking a liquefied natural gas (LNG) cargo for delivery in March, market sources said on Tuesday. * It is seeking a cargo for delivery over March 24 to 25, one of them said. * The tender closes on Feb. 15. (Reporting by Jessica Jaganathan; editing by Richard ...

Kuwait Petroleum Corporation (KPC) has set itself some ambitious upstream targets. Its chief executive, Nizar al-Adsani, told the Petroleum Economist annual Strategy Forum in Kuwait City last week that KPC had "launched its 2040 strategy which focuses on growth in oil activities that require significant ...

This comes as part of Kuwait Petroleum Corporation's (KPC) 2040 ambitious road map for the country's oil sector with the ultimate goal to maximize revenue generation to the Kuwait's economy, said the Kuna report citing the country's oil minister. "Through this we aim to raise production of nonassociated ...

KUWAIT CITY, March 7, (KUNA): Kuwait's Oil Minister and Minister of Electricity and Water Bakheet Al-Rashidi said the oil market is moving at a steady pace towards balance and reducing supply surplus. In a statement by Kuwait Petroleum Corporation (KPC) to KUNA, Al-Rashidi said during his participation in a seminar in ...

Global liquefied natural gas (LNG) regasification capacity is expected grow by 39.6 percent between 2018 and 2022, from 45.9 trillion cubic feet (tcf) in 2018 to 64.1 tcf in 2022. Among global companies, both Bangladesh Oil, Gas and Mineral Corp (Petrobangla) and Kuwait Petroleum Corporation lead in ...

BRUSSELS, Feb 24 (KUNA) -- Kuwait Petroleum International (KPI) is expanding in the East and also in the West, said Nabil Bourisli, KPI's CEO . ... petroleum brand Q8, refines and markets fuel, lubricants and other petroleum derivatives and is the international subsidiary of Kuwait Petroleum Corporation.