Kuwait Said to Renew Contract to Supply Crude Oil to Egypt
Egypt to get 2 million barrels of Kuwaiti crude a month Shipments not meant to make up for Egypt’s loss of Saudi fuel Kuwait renewed a contract to supply Egypt Continue Reading
Kuwait’s acting oil minister expects output ‘understanding’ at November OPEC meeting
Kuwait’s finance minister and acting oil minister, Anas al-Saleh, said on Monday he was optimistic that an understanding on production “at least” would be reached between producers at an OPEC Continue Reading
Low Oil Prices, Security Issues Deal Death Blow To Kuwaiti Parliament
Emir Kuwait Kuwait’s emir Sheikh Sabah al-Ahmad al-Sabah ordered the dissolution of Parliament over the weekend, citing security concerns and “the circumstances in the region”, which includes the oil price Continue Reading
Kuwait Forms A US$6 Billion National Oil Firm
The Kuwaiti government gave the go-ahead to a request by the Kuwait Petroleum Corporation (KPC) to create what would be the country’s largest oil company , according to ArabianBusiness.com on Continue Reading
Kuwait to Raise Gasoline Prices to Counter Oil Revenue Plunge
Kuwait’s government approved an increase in prices of gasoline sold locally, becoming the latest oil-rich Arab nation to cut subsidies as lower crude prices squeeze finances. The OPEC member will Continue Reading
This Big OPEC Member Might Be The Next Big Opportunity For Oilfield Services
There’s been a global trend toward privatization of natural resources the last several months. With lower commodities prices prompting governments like Saudi Arabia to raise cash through the sale of Continue Reading
Kuwait Considers Privatizing Oil-Field Services
Kuwait is considering privatizing its oil-field services sector, a senior finance ministry official said Tuesday, in a potentially controversial move in the petroleum-dependent Persian Gulf state. Fears of industry privatization Continue Reading
Despite Low Oil Prices, Kuwait Plans To Invest $42 Billion By 2022
Iran Kuwait Offshore Field Kuwait’s state-run oil company is planning US$42 billion in investments by 2022, as the country pursues a three-fold strategy to increase oil production, expand its refineries Continue Reading
How the Mideast’s Second-Richest Nation Is Reacting to Oil Shock
The man in charge of helping Kuwait navigate the global oil-price shock said the Middle East’s second-richest nation is responding to the crisis by “spending as much as possible” to Continue Reading
Kuwait deputy FM says Iran, oil producers must not increase production
Kuwait’s deputy foreign minister Khaled Jarallah said oil exporting countries must freeze production and the market could not support a production increase from Iran, state news agency KUNA reported on Continue Reading