updated Tue. November 19, 2019
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Kuwait News Agency
April 28, 2018
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 USÃÂ ...
Muscat Daily
April 28, 2018
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 theÃÂ ...
Kuwait News Agency
April 27, 2018
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 againstÃÂ ...
Hellenic Shipping News Worldwide
April 26, 2018
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 bothÃÂ ...
Marine Log
April 25, 2018
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 News Agency
April 25, 2018
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 aÃÂ ...
Platts
April 24, 2018
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,ÃÂ ...
OilPrice.com
April 24, 2018
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 indicationÃÂ ...
LNG Industry
April 18, 2018
(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 regasificationÃÂ ...
ZAWYA
April 18, 2018
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 nonassociatedÃÂ ...
ArabianOilandGas.com
April 17, 2018
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 directionÃÂ ...
Trade Arabia
April 16, 2018
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 forÃÂ ...
Business Standard
April 11, 2018
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 andÃÂ ...
Hydrocarbons Technology
April 3, 2018
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% duringÃÂ ...
Kuwait Times
March 12, 2018
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.
Oil and Gas Investor
March 11, 2018
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 yearÃÂ ...
Kuwait News Agency
March 10, 2018
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 wonÃÂ ...
San Antonio Express-News
March 10, 2018
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 governmentsÃÂ ...
Kuwait News Agency
March 1, 2018
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 UNÃÂ ...
Kuwait News Agency
March 1, 2018
... 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),ÃÂ ...
Kuwait News Agency
March 1, 2018
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 USÃÂ ...
PetrolPlaza.com
February 27, 2018
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.
Borneo Bulletin Online
February 26, 2018
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 toÃÂ ...
Kitco News
February 12, 2018
... * 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 RichardÃÂ ...
Petroleum Economist
February 5, 2018
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 significantÃÂ ...
ZAWYA
December 31, 1999
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 nonassociatedÃÂ ...
Arab Times Kuwait English Daily
December 31, 1999
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 inÃÂ ...
OilVoice
December 31, 1999
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 inÃÂ ...
Kuwait News Agency
December 31, 1999
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.
Kuwait News Agency
February 28, 2018
KUWAIT, Feb 28 (KUNA) -- The price of Kuwaiti oil went down four cents to USD 63.47 per barrel (pb) on Tuesday compared to USD 63.51 the day before, said Kuwait Petroleum Corporation (KPC) Wednesday. In international markets, the Brent Blend was down 10 cents to USD 67.40 pb, as did theÃÂ ...
Arab Times Kuwait English Daily
February 28, 2018
Al-Rasheedi affirmed that all secretarial positions are occupied by Kuwaiti citizens, adding that KOC does not have any contracts for assistant positions. He revealed that there are 33 expatriate employees including 12 executive secretaries at Kuwait Petroleum Corporation (KPC) and they receive salaries ofÃÂ ...
DEALSTREETASIA
February 28, 2018
National oil companies of Oman, Kuwait and Abu Dhabi are in talks to buy up to 24% stake in Madhya Pradesh's Bina refinery, two people aware of the development said. Bharat Oman Refineries Ltd (BORL), which operates the refinery, is an equal joint venture between Bharat Petroleum Corp. Ltd (BPCL)ÃÂ ...
PetrolPlaza.com
February 27, 2018
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.
Borneo Bulletin Online
February 27, 2018
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 toÃÂ ...
Kuwait News Agency
February 25, 2018
BRUSSELS -- Kuwait Petroleum International (KPI) is expanding in the East and also in the West, says Nabil Bourisli, KPI's CEO, in remarks while heading a delegation that attended a reception to mark Kuwait's National Day in Brussels. By Nawab Khan. Issued at 13:21 p.m. (10:21 GMT). KUWAIT -- TheÃÂ ...
Kuwait News Agency
February 25, 2018
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.
Kuwait News Agency
February 22, 2018
KUWAIT, Feb 22 (KUNA) -- The price of Kuwaiti oil went down to 62 cents to USD 60.80 per barrel Wednesday after it was at USD 61.42 pb the day before, said the Kuwait Petroleum Corporation (KPC) Thursday. The price at the global level was down due to last week's increase of exchange rate for the USÃÂ ...
Kuwait News Agency
February 21, 2018
KUWAIT, Feb 21 (KUNA) -- The price of Kuwaiti oil went up by 18 cents to USD 61.42 per barrel on Tuesday compared to USD 61.24 the day before, said Kuwait Petroleum Corporation (KPC) Wednesday. At the global level, the future price of the Brent crude contracts went down by 0.73 percent to USDÃÂ ...
Kuwait News Agency
February 21, 2018
1999 -- Kuwait Petroleum Corporation declares discovery of high-quality light crude in Kraa-Al-Maro field with daily production capacity of 1,800 barrels. 2004 -- The national handball team wins the 11th Asian Tournament after beating Japan. 2005 -- Ambassador Abdullah Al-Mansour begins work as theÃÂ ...
Kuwait News Agency
February 20, 2018
KUWAIT, Feb 20 (KUNA) -- The price of Kuwaiti crude oil went up 32 cents on Monday, settling at USD 61.24 per barrel (pb), compared to USD 60.92 pb in trading of last Thursday, said Kuwait Petroleum Corporation (KPC) Tuesday. The Brent Blend also went up 35 cents to USD 65.19, so as did theÃÂ ...
Platts
February 20, 2018
Kuwait Petroleum has received acceptances from at least two buyers for the renewal of light and full range naphtha contracts for loading over April 2018-March 2019, market sources said Tuesday. The premium for light naphtha was heard concluded at a premium of $14.50/mt to Mean of Platts Arab GulfÃÂ ...
Kuwait News Agency
February 19, 2018
BRUSSELS, Feb 19 (KUNA) -- High-ranking Kuwaiti diplomats and economic officials presented tremendous opportunities and facilities available for Belgian entrepreneurs to do business in Kuwait, at a conference held in Brussels Monday. The Kuwait Economic Forum (Kuwait Vision 2035) was organizedÃÂ ...
Kuwait News Agency
February 15, 2018
KUWAIT, Feb 15 (KUNA) -- The price of Kuwaiti crude oil went down Wednesday 20 cents and settled at USD 58.91 per barrel, compared to USD 59.11 per barrel in trading of last Tuesday, said Kuwait Petroleum Corporation (KPC) Thursday. Brent rose USD 1.64 to settle at USD 64.36, the same case withÃÂ ...
Kuwait News Agency
February 15, 2018
KUWAIT -- Kuwait Petroleum International (KPI) signed Thursday engineering contracts for the development and construction of Oman's Duqm refinery project, said an official. (Issued at 09:26 local time or 06:26 GMT). PARIS -- European airplane manufacturer Airbus Industries on Thursday reported aÃÂ ...
Kuwait News Agency
February 15, 2018
KUWAIT, Feb 15 (KUNA) -- Kuwait Petroleum International (KPI) signed Thursday engineering contracts for the development and construction of Oman's Duqm refinery project, said an official. Speaking to KUNA, KPI's CEO Nabeel Bourisli said that he was very glad to be working with the Omani OilÃÂ ...
Hellenic Shipping News Worldwide
February 14, 2018
Kuwait Petroleum Corp is offering full-range naphtha for April 2018 to March 2019 loading at about $13 a tonne above Middle East quotes on a free-on-board basis, traders said. This is up nearly 70 percent from the premium for April 2017 to March 2018 at $7.75 a tonne. Buyers are counter-bidding atÃÂ ...
Business News Wales
February 14, 2018
Headquartered in Ahmadi, Kuwait, KOC is a subsidiary of Kuwait Petroleum Corporation (KPC), Kuwait's national oil company. KOC manages all upstream development in the oil and natural gas sectors in Kuwait and has approximately 7000 employees. Blake Morgan will provide legal services in supportÃÂ ...
Kuwait News Agency
February 14, 2018
KUWAIT, Feb 14 (KUNA) -- Kuwait Petroleum International (KPI) will sign an agreement Thursday to aquire 50 percent share of Oman's Duqm refinery, said oil Minister Eng. Bakheet Al-Rashidi. In a statement to KUNA, Minister Al-Rashidi said that the Supreme Petroleum Council approved this step inÃÂ ...
Kitco News
February 13, 2018
... * 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 RichardÃÂ ...
Arab Times Kuwait English Daily
February 9, 2018
KUWAIT CITY, Feb 8: Kuwait Petroleum Corporation (KPC) intends to increase to KD1.8 billion the local contribution to large oil projects which will be implemented soon such as the environment-friendly fuel and Al-Zour Refinery, reports Al-Anba daily quoting Chief Executive Officer Nizar Al-Adsani. Speaking on the sidelineÃÂ ...
