OIL AND GAS

January 17, 2019

KUWAIT CITY, Jan 16: Kuwait National Petroleum Corporation (KNPC) has requested for extension of the lease contract for the floating plant to evaporate liquefied gas and pump it to the Mina Al-Ahmadi Refinery and other power plants network as per the new one year contract signed with Golar LNG starting from March 2, 2019 until March 1,2020, reports Al-Anba daily quoting oil sources.

The"... Continue Reading

January 16, 2019

KUWAIT CITY, Jan 15, (KUNA): In the first half of 2019, the price of oil is expected to reach $55 to 65 per barrel (pb) with Kuwaiti oil at around $50 to 60 pb, said an analyst Tuesday.

Speaking to KUNA, Mohammad Al-Shatti – an oil analyst – said that it was too early to have a concrete idea of where the prices will"... Continue Reading

January 15, 2019

KUWAIT CITY, Jan 14: Two companies, Human Soft and Al-Qurain Petrochemical Industries, will be qualified for the first market after meeting the promotion requirements set by the concerned authorities after being approved by the Capital Markets Authority, reports Al-Rai daily.

According to sources, the stakeholders will update the"... Continue Reading

January 13, 2019

KUWAIT CITY, Jan 12: A recent statistic issued by the Office of the Minister of Oil, a copy of which has been obtained by the daily, shows the employment of national workforce in the Kuwait Petroleum Corporation (KPC) and its subsidiaries particularly those who hold scientific qualifications in the fields of petroleum engineering and chemical engineering has reached 84 percent compared to 16 percent for"... Continue Reading

January 13, 2019

Policy makers worldwide have a proven solution for cutting carbon emissions by switching electricity generation from coal and oil to natural gas, Majid Jafar, CEO of Crescent Petroleum, told an audience of energy ministers and industry leaders meeting in Abu Dhabi this morning.

As global demand for energy rises, natural gas is"... Continue Reading

January 9, 2019

Kuwait Oil Company (KOC) is set to next month float the final tender for a KD150 million ($493 million) gas pipeline planned mainly for transportion of natural gas from North Kuwait to its refinery in Mina Ahmadi, said a report.

KOC is currently evaluating bids submitted by various companies to the Tenders Committee in order to present final recommendations regarding the technical and financial"... Continue Reading

January 7, 2019

KUWAIT CITY, Jan 6: Kuwait Oil Company (KOC) will fl oat the final tender for gas pipeline to transport natural gas from North Kuwait to its refinery in Mina Ahmadi with a total cost of about KD150 million in February at Kuwait National Petroleum Company (KNPC), reports Al-Seyassah daily quoting sources.

Sources said KOC is currently"... Continue Reading

January 6, 2019

We know Kuwait has more than 90 billion barrels of oil underground, most of which are likely recoverable at a low cost of less than $10 per barrel. In addition, it has domestic and overseas joint refining operations in Europe and Asia.

Its overall coverage and oil investments are commendable and it still has more chance to grow.

January 5, 2019

KUWAIT CITY, Jan 3: The new board of Kuwait Petroleum Corporation (KPC) held its first meeting headed by Minister of Oil and Minister of Electricity and Water Dr Khalid Al-Fadhel and CEO of KPC Hashim Sayed Hashim, reports Al-Anba daily.

According to reliable sources, KPC’s board discussed the formation of committees from"... Continue Reading

January 3, 2019

KUWAIT CITY, Jan 2: The most significant obstacle to oil sector is the politicization of executive positions, which has frustrated many young people who are highly qualified in oil arena,” says expert oil consultant Dr Abdul-Samaie Behbehani, reports Al- Anba daily.

He stressed the need to resolve the contradiction between"... Continue Reading