Kuwait
The SPE International Heavy Oil Conference & Exhibition opens under the patronage of HE Anas Al-Saleh, Deputy Prime Minister, Minister of Finance, and Acting Minister of Oil, KUWAIT

Kuwait City, Kuwait, 7 December 2016 – The third edition of the SPE Heavy Oil Conference and Exhibition taking place at the Hilton Kuwait Resort welcomed 781 delegates from 128 companies and 28...

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Kuwait Oil Company unveils solar project

Kuwait Oil Company (KOC) will commission the largest solar power plant in Kuwait this year. To reach the goal set by HH the Emir of Kuwait of producing 15% of energy in Kuwait from renewable...

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Terminating an American contract costs Kuwait $2.5 billion

After the court decided that Kuwait should pay $ 2.16 billion, Dow Chemical sought to determine the interest amount. The International Tribunal of the International Chamber of Commerce (ICC) assessed...

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The Kuwaiti Oil signs an agreement for petroleum services with Halliburton and Schlumberger

The Kuwaiti Oil Company concluded two contracts worth 97.2 million dinars with two major oil services companies in the world which are Schlumberger and Halliburton, in order to provide support...

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Projects for Kuwaiti Oil Company worth 2.9 billion Kuwaiti dinars

The Chairman and the Managing Director of the Kuwaiti Oil Company Sami Al Rasheed announced that the company production capacity is still having the same rates which are 3 million barrels per day,...

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Huge investments to raise oil production capacity

Kuwait owns about 10% of oil reserves in the world, with current oil production capacity of about 3.15 million b/d (2.85 million b/d from the Kuwaiti Oil Company and the rest is about 280 thousand...

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Ambitious Plans in Oil and Gas Sector

Kuwait adopts obvious grounds and instructions in its oil policies both at the local or international level, seeking the optimum exploitation of the available hydrocarbon energy sources. In addition,...

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Kuwait snaps up stake in Japan firm’s Norwegian oil ops

 Japan’s AOC Holdings said on Thursday its upstream unit, Arabian Oil Co, has agreed to sell the entire stake in its Norwegian operations to Kuwait Foreign Petroleum Exploration Company...

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Kuwait investigating plan to extract shale gas

Kuwait is investigating a plan to extract shale gas from its northern fields, a Kuwaiti oil sector official said on Wednesday, estimating that the Gulf Arab state could produce 150-200 million cubic...

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Kuwait’s Kufpec said to ink $750m loan deal

Kuwait Foreign Petroleum Exploration Company (Kufpec) has launched its first syndicated loan in five years with a $750m deal, two sources close to the deal said.  The deal will be Kufpec’s...

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