News On Oil
Kuwait To Appoint Khaled Al-Fadhel New Oil Minister Kuwait has appointed a number of new ministers, including Khaled Al- Fadhel as the country’s oil minister and minister of electricity and water, after the mass resignations of four others. In... December 25, 2018 508 Category: Kuwait
Hike In Non-oil Iranian Goods To Kuwait The nonoil Iranian goods to the GCC countries increased by 38% to reach $6.5 billion compared to $4.7 billion over the same period last year, reports Al-Anba daily quoting the Fars news agency. The... December 18, 2018 294 Category: Business
Kuwait’s Oil Minister Resigns Kuwait’s Oil Minister Bakheet Al-Rasheedi’s resignation has been accepted by HH the Prime Minister, local newspaper Al-Anbaa said, citing sources. Rasheedi’s departure would not impl... December 18, 2018 754 Category: Kuwait
Kuwait-Saudi In Talks On Possible Oil ‘re-production’ In Neutral Zone Minister of Oil, Minister of Electricity and Water Engineer Bakheet Al- Rasheedi and Chief Executive Officer of the Kuwait Petroleum Corporation (KPC) Nizar Al-Adasani arrived in Saudi Arabia in an an... December 14, 2018 459 Category: Business
Kuwait Overtakes Qatar To Become Japan’s Third Biggest Oil Provider Kuwait’s crude oil exports to Japan in October jumped 28.3 percent from a year earlier to 7.11 million barrels, or 229,000 barrels per day (bpd), overtaking Qatar to become Japan’s third b... December 03, 2018 572 Category: Business
KPC Renews Gas Oil Supply Contract With Lebanon Kuwait Petroleum Corporation (KPC) has renewed its contract with Lebanon’s ministry of energy for a year to provide Lebanon state electricity company with gas oil, said a Kuwaiti official. Th... December 03, 2018 285 Category: Kuwait
Massive Losses At Oil The Ministry of Oil is currently dealing with losses far greater than losses incurred due to the Dow scandal, says MP Ahmed Al-Fadel. Al-Fadel made the statement after reviewing the report of the gove... November 30, 2018 547 Category: Kuwait
Kuwait Oil Company Suspends Work Wednesday Due To Weather Kuwait Petroleum Corporation (KPC) has suspended work at all of its companies on Wednesday due to the extreme weather which has hit the country in recent days. Kuwait’s Minister of Public Wor... November 14, 2018 793 Category: Kuwait
Less Oil Production To Help Maintain Balance Reducing oil production to maintain market balance could be necessary in the not too distant future, a Kuwaiti official warned on Sunday. OPEC ministerial talks held here revealed commitment to reduct... November 13, 2018 300 Category: Business
Iraq To Pay Kuwait 1.5 Percent Of Oil Proceeds As Compensations United Nations Compensation Commission (UNCC) Governing Council said on Thursday that Iraq would pay, effective early next year, 1.5 percent worth of oil sales’ proceeds to the UNCC compensation... November 09, 2018 313 Category: Kuwait
Price Spike Seen For Kuwait Light Crude Oil – Demand High On the occasion of Kuwait’s first light crude oil shipment, MP Osama Al-Shaheen praised all the concerned officials and employees for their efforts in making such a milestone possible; pointing ... November 09, 2018 516 Category: Kuwait
Call To Hire New Executives From Outside The Oil Sector By the end of this year, all executives of the oil sector with more than 35 years of experience including the chief executive officer will have to retire. This means Kuwait’s oil sector is being... November 04, 2018 326 Category: Business
KPC Signs Contract To Supply Crude Oil To Chinese Oil Refinery Kuwait Petroleum Corporation (KPC) recently signed a contract for the supply of crude oil to a Chinese oil refinery, reports Al- Shahed daily. Managing Director for International Marketing at KPC W... November 01, 2018 407 Category: Business
Oil Prices In Swing Mood Despite Saudi Arabia’s assurance to the global oil producers about provision of adequate supply, prices will continue to be unsettled even after Nov 4, which is the date set for the launch of US... October 28, 2018 324 Category: Business
Kuwaiti Wanted For Selling Oil In Fake Deal Ministry of Interior has issued an arrest warrant against a Kuwaiti citizen who is accused of swindling an Asian country after agreeing to supply oil based on signed contract and receiving KD 200,000 ... October 23, 2018 336 Category: Crime News
Saudi Crown Prince Sees A Deal With Kuwait To Restart Oil Fields Saudi Crown Prince Mohammed bin Salman said the kingdom has met its promise to Washington to make up for Iranian crude oil supplies lost through US sanctions. “The request that America made to S... October 07, 2018 1465 Category: Business
Kuwait Banking Sector Tackles Low Oil Prices Kuwaiti banking system succeeded in 2017 in confronting pressure caused by low oil prices period between 2014-16, Kuwait top banker said Monday, noting that Kuwaiti Dinar’s appreciation vis-avis... September 25, 2018 288 Category: Business
KOC’s Increase In Natural Gas, Oil Contributes To Meeting Needs Increasing free natural gas and light oil by Kuwait Oil Company (KOC) will help contribute to meeting the country’s pressing need of gas and reaching new global commercial markets, said Minister... September 20, 2018 694 Category: Kuwait
Program Being Prepared For Enhancing Non-oil Resources Sustainable development program, which is being prepared by a number of government bodies, aims at enhancing non-oil revenues to almost KD 3 billion in the year 2019/2020 through a plan being executed... September 14, 2018 451 Category: Business
Oil Company Workers Reject Security Regulations The Interior Ministry has submitted a complaint to the Attorney General, accusing a number of employees in an oil company of rejecting measures taken by the military forces in charge of securing Burga... September 01, 2018 361 Category: Kuwait
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