The Kuwaiti oil and gas exploration and production company, with assets in Egypt, Iraq, Oman and Yemen, said it has received the first drawdown of $40mn
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Kuwait-Saudi oilfields to stick to Opec deal
Bringing output at Khafji and Wafra to the same levels reached before they were shut down will take more work
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Saudi, Kuwait to restart Neutral Zone oilfields
The closure of the Neutral Zone’s fields, mainly Khafji and Wafra, has become a political sticking point between the two Gulf OPEC allies and senior officials have been trying to resolve the issue for months
Posted inProducts & Services
Kuwait Energy aiming to close $100mn RBL loan
The Kuwaiti oil and gas exploration and production company, with assets in Egypt, Iraq, Oman and Yemen, is likely to obtain the financing on a bilateral basis from the European Bank for Reconstruction and Development
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Kuwait oil exports up by 28%, 65% to Japan, Taiwan
KPC’s solid ties with its clients in Tokyo have led to the surge in Kuwaiti oil exports in the past five years
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Kuwait parliament dissolved over fuel price hikes
Emir Sheikh Sabah al-Ahmad al-Sabah issued an emergency government decree on Sunday afternoon dissolving the parliament, although the date for fresh elections hasn’t been set yet
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Kuwait Energy starts Basra concession production
The Faihaa-2 well in the Block 9 concession of Iraq’s Basra governorate, which was dug up in early January and carried testing production in September, has reportedly stabilised at a rate of 5,600 barrels per day.
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Kuwait: Testing times ahead
The decision to raise fuel prices from September has been hailed as long overdue. But is the government going to to stand firm in the face of opposition?
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Kuwait mulls partial privatisation of oil industry
Acting Oil Minister Anas Al-Saleh has revealed that the government is currently looking into the potential public listing of four companies part of Kuwait’s national oil company
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Ambitious Kuwait treads carefully
Can Kuwait’s long history of strained oil production targets, a frequently striking workforce and political unease be transformed by robust economics, a well-crafted upstream strategy and a flourishing downstream business?