Oil
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Shuaiba Oil Refinery To Restart Within Days20 August 2015Kuwait’s Shuaiba Oil Refinery is expected to restart operations “within days”, a senior official at state refiner Kuwait National Petroleum Company (KNPC) said ye...Subsidy Cut On 17 Commodities14 December 2015High-ranking sources from the Ministry of Finance have said the decision to reduce subsidy on 17 commodities, including fuel, will be implemented in the current fiscal year (2015-2...Fish Becomes Costlier Than Oil - Kisr22 January 2016Deputy Director General of Kuwait Institute for Scientific Research (KISR) Dr Abdulhamid Al-Hashim disclosed that the fish stock in Kuwait has declined by 80 percent in recent time...Kuwait Oil Price Down04 February 2016The Price of kuwait oil went down by 12 cents wednesday to settle at USD 25.94 compared to tuesday's 26.06 pb, said kuwait petrolium corporation (KPC) thursday. On the glo...Kuwait Discovered A New Oil Field25 March 2016Kuwait has made a new discovery of light crude in the western part of the country, which the Kuwait Oil Company said would consolidate the OPEC member country's position as a m...Bad Weather Disrupted Oil Exports From Kuwait12 April 2016Unstable weather conditions have disrupted oil exports from Kuwait forcing it to halt both its crude and oil exports. State-run Kuwait National Petroleum Company (KNPC) Spokesma...Kuwait Oil Union To Strike From Sunday Over Pay Dispute12 April 2016Kuwait’s oil union decided on Monday to begin a “total strike” next week following a dispute with the oil ministry over a new payroll rejected by workers. The dec...Kuwait Local Market Not To Be Affected By The Workers Strike In The Oil, Gas Sector17 April 2016Authorities in Kuwait reassured the public that the domestic market will not be affected by the workers’ strike in the oil and gas sector. High-level sources told that t...All Of Kuwaits Oil Installations Were Successfully Operated18 April 2016Kuwait National Petroleum Company announced early on Monday that all of its oil installations have been successfully operated according the contingency plan it has worked out with...Kuwait Oil Workers Called Off Strike And Decided To Work20 April 2016The Kuwait Oil Workers Union on Wednesday called off a "total strike" and decided to return to work, hours after a fresh appeal by the acting oil minister. "In re...Kpc And Tupras Signed A Deal With Kuwaiti Crude Oil28 April 2016Kuwait Petroleum Corporation (KPC) and Turkish Petroleum Refineries Corp. (Tupras) signed a deal to provide the latter with Kuwaiti crude oil, KPC announced in statement on Thursda...Opec Oil Output Rise In April01 May 2016OPEC's oil output rise in April to close to the highest level in recent history, a Reuters survey found on Friday, as production increases led by Iran and Iraq more than offset...Oil To Stabilise At 50-60 Dollars By End 201603 May 2016The chief executive of Kuwait Petroleum International said on Tuesday that he expected oil prices to stabilise between $50 and $60 a barrel by the end of 2016 or early 2017. B...Kuwait To Raise Oil Production By 202012 May 2016Kuwait is planning record oil production at 4 million barrels a day (bpd) by 2020 in a bid to secure future economic growth, Abdulaziz Al Attar, head of research at state-owned Kuw...Oil Leak Occurred During Drilling At Al-ahmadi Oil Field09 August 2016Oil leak confirmed at Kuwait's al-Ahmadi oil field in Kuwait, a Kuwait Oil Company spokesman said on Tuesday. The spokesman said specialised teams were dealing with...