News On Oil
Kuwait Will Invest 11.5 Billion Dollars In Oil And Gas Projects According to MEED magazine, Kuwait has allotted roughly 11.5 billion dollars to carry out oil and gas projects over the next several years. These projects are broken down into many stages based on the... June 25, 2022 472 Category: Kuwait
Projects Related To Oil And Gas Experience Significant Delays Over the past two years, several oil and gas projects in the country have been delayed substantially. According to the MEED magazine. Two tenders offered by Kuwait Oil Company have been postponed by t... June 04, 2022 434 Category: Kuwait
Al-Zour Will Begin Operations In December 2022 By December 2022, the oil industry plans to start operating the Al-Zour refinery. The Kuwait Integrated Petroleum Industries Company (KIPIC) is preparing for this historic event right now, since the A... May 15, 2022 115 Category: Kuwait
'Brighter Prospects' For Oil, Gas Exporters, Says IMF The International Monetary Fund (IMF) stated Wednesday that the prospects for oil and gas exporters in the Middle East and North Africa (MENA) have improved, but that the Caucasus and Central Asia fac... April 28, 2022 118 Category: Business
New CEO To Be Named By KPC 'next Week' After weeks of controversy, oil sources say the CEO of Kuwait Petroleum Corporation's file is expected to be resolved next week, with major structural changes in the works, including many sites in... February 15, 2022 286 Category: Kuwait
Dependence On Oil To Hit Long-term Economic Prospects The ‘Global Finance’ magazine said Kuwait’s long-term economic prospects are still uncertain, if it continues to depend on oil prices, but if it can overcome political obstacles, the... January 31, 2022 92 Category: Business
Oil Prices Rise One Percent Oil prices jumped on Monday, as geopolitical tensions in Eastern Europe and the Middle East raised concerns about the outlook for oil supplies, while OPEC and its allies continued to push to increase ... January 24, 2022 134 Category: Business
Can We Run Our Oil Industry Safely? THREE fire incidents in just one month in our refineries! And no lesson has been learned or to be learned! What will happen to our credibility and accountability? Why is this not happening in any of o... January 22, 2022 369 Category: Business
Kuwait Earns 11.47 Billion Dinars In Oil Revenues In 9 Months Of 2021, Thanks To High Oil Prices The continued improvement in oil prices gives positive indicators of better performance for the state’s general budget, as it achieved an increase in the volume of oil revenues during the first ... January 18, 2022 257 Category: Business
Oil Buoyant During 2021 DESPITE the rise in COVID-19 cases with the emergence of its two variants, as well as the lockdowns and restrictions in travel movements, the oil sector performed well with the best gain in oil prices... January 02, 2022 159 Category: Business
Kuwait Extends Oil Supply Contracts To Indian Companies By 3 Months Kuwait has extended contracts to supply oil to Indian refiners by 3 months until March 2022 due to the delay in operating the Al-Zour refinery, which has a capacity of 615,000 barrels per day, accordi... December 21, 2021 519 Category: Business
New Variant Clouds Decision Over Oil Supply OPEC and allied oil-producing countries meet Thursday under the spikey shadow of a new COVID-19 threat, with uncertainty over the omicron variant’s impact on the global economic recovery hanging... December 02, 2021 314 Category: Business
‘Supply-demand Ratio Change Led To Rise In Oil Rates’ The CEO of the Quorum Center for Strategic Studies and Economic Research Tariq Al-Rifai stated that the significant change in oil prices during the recent past and its rise to exceed $80 per barrel ca... November 18, 2021 188 Category: Business
Kuwait’s Oil Reserves May Last 90 Years At The Current Production Rate Moody’s credit rating agency said hat Kuwait’s high rating is supported by its strong economy classified at the level of (A1), exceptionally high levels of wealth and large reserves of hyd... November 04, 2021 295 Category: Kuwait
Oil Firms Flush With Cash, Reluctant To Invest More International oil companies are sitting on cash piles worth billions of dollars but still not prepared to invest in oil and gas anymore. They are paying back dividends to their shareholders, and buyin... October 31, 2021 224 Category: Business
‘Oil Production To Hit 3.5 M Bpd’ The CEO of the Kuwait Petroleum Corporation (KPC) Hashem Al-Hashem says the Kuwait Oil Company (KOC) is implementing a number of strategic projects that will have a direct impact on increasing the pro... October 25, 2021 287 Category: Business
Kuwait Able To Increase Oil ‘output’ In Line With OPEC+, Says Oil Minister Kuwaiti Minister of Oil and Higher Education Dr. Mohammad Al-Fares will participate in the Saudi Green Initiative (SGI) forum that will be held this Saturday in Riyadh with higher Kuwaiti delegation, ... October 22, 2021 592 Category: Business
Kuwaiti Oil Rises By $1.18 To $79.69 Per Barrel The price of a barrel of Kuwaiti oil rose by 18.1 dollars, to reach 69.79 dollars a barrel in trading yesterday, Tuesday, compared to 51.78 dollars in trading yesterday, according to the announced pri... September 29, 2021 207 Category: Business
Time For Kuwait Govt To Be Serious About ‘reining In’ Our Expenditures We should not be overtaken by the recent surge in oil prices, which is hitting $ 75 a barrel. Actually, we as a country need about $90 a barrel to balance our budget and stop any deficits in our balan... September 19, 2021 280 Category: Business
Kuwait Has The Seventh-largest Oil Reserves In The World Kuwait ranked seventh on the list of the American newspaper Wall Street 24/7, among the 15 largest countries that control oil and its reserves in the world. The report stated that Kuwait’s oil r... September 07, 2021 497 Category: Kuwait
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