News On Oil
MP Khalid Al-Otaibi Has Submitted Questions To Minister Of Oil, Electricity And Water MP Khalid Al-Otaibi has submitted questions to Minister of Oil, Electricity and Water Issam Al- Marzouq about the oil spills and sources of leakage. He said that on Aug 11, 2017; the Environment Publi... August 18, 2017 1068 Category: Kuwait
MOE And Water Have Controlled All Oil Spots Around Al-Zour Power Plants Workers at the Ministry of Electricity and Water, in collaboration with oil companies, have controlled all oil spots surrounding the southern and northern Al-Zour power plants, said an official at the... August 15, 2017 513 Category: Kuwait
Teams Remove Most Oil Spill Spots, Official Says Emergency teams have removed most oil spill spots and encircled all coastal zones after securing vital facilities of Al-Zour zone and its surrounding areas, the oil sector's spokesman Sheikh Talal... August 14, 2017 551 Category: Kuwait
Al-Marzouq Satisfied With OPEC Members Abidance By The Recent Oil Output Cut Resolution OPEC member states’ output cut conformity is “historic and unprecedented, Kuwaiti Minister of Oil Essam Al-Marzouq said on Friday. Upon arrival in Saint Petersburg in Russia to attend a... July 23, 2017 403 Category: Kuwait
Kuwaiti Oil Minister Touts OPEC Cut Conformity OPEC member states' output cut conformity is "historic and unprecedented, Kuwaiti Minister of Oil Essam Al-Marzouq said on Friday. Upon arrival in Saint Petersburg in Russia to attend a jo... July 22, 2017 465 Category: Kuwait
GCC States Recently Announced Exempting Oil And Gas Products From VAT Gulf Cooperation Council (GCC) states recently announced exempting oil, its byproducts and gas from the value added tax scheme, leaving each member state free to decide on exempting four other sectors... April 23, 2017 608 Category: Kuwait
Oil Is Riding The Longest Winning Streak Since December Oil is riding the longest winning streak since December on optimism Saudi Arabia will support an extension to OPEC-led output cuts just as US stockpiles show signs of shrinking. Futures in New York we... April 14, 2017 506 Category: Kuwait
Kuwait Will Sign A Partnership Agreement With Oman Oil Refinery Kuwait will sign a partnership agreement with Oman for the Duqm oil refinery in the Gulf Arab Sultanate on April 10, Kuwait's oil minister said on Thursday. The 230,000 barrel per day facility is ... March 31, 2017 685 Category: Kuwait
MEW Will Stick To The New Electricity Billing System Minister Says Minister of Oil, Electricity and Water Essam Al-Marzouq renewed the pledge to consumers that the ministry will stick to the new electricity billing system without resorting to any further upward revie... March 09, 2017 723 Category: Kuwait
59 Pc Tax Rate Imposed On Foreign Oil Companies The tax rate imposed on foreign oil companies that operate in the divided zone between Kuwait and Saudi Arabia and are subjected to the laws of Kuwait is 59 percent quoting informed sources. They s... March 08, 2017 610 Category: Kuwait
Oil And Gas Company Doesnt Pay Salaries On Time 6 Months Salary In Balance I am working in a reputed company in the Oil & Gas sector but for some time now the company is not paying our salaries on time (6 months salary in balance) and employees are resigning. My quest... March 04, 2017 5180 Category: Legal
Oil And Electricity Minister Urges Sustainable Use Of Water Minister of Oil and Minister of Electricity and Water Eng. Esam Al-Marzouq on Wednesday highlighted the need of raising the public awareness about sustainable uses of the water and energy resources. ... March 02, 2017 810 Category: Kuwait
KOC Announced A State Of Emergency After Oil Leak In SE Kuwait Kuwait Oil Company (KOC) announced a state of emergency following an oil leak in southwest of Kuwait on Sunday, the company's spokesman said. Menahi Al-Enezi, also Acting Deputy CEO for Administra... January 23, 2017 3615 Category: Kuwait
Kuwait Cut Its Oil Output By More Than The Committed Kuwait has cut its oil output by more than the amount to which it committed in the global deal among oil producers to reduce output, Kuwaiti Oil Minister Essam Al-Marzouq said on Thursday. "We in... January 13, 2017 1640 Category: Kuwait
Kuwait Commemorates 25th Anniversary Of Extinguishing Oil Well Fires Kuwait will commemorate Sunday the 25th anniversary of putting out the last oil well set on fire during the Iraqi invaders. Iraqi troops, in 1990, set about 700 oil wells on fire before withdrawing... November 05, 2016 1755 Category: Kuwait
Kuwait Starts Up Its First Solar Power Plant Kuwait began operating its first-ever solar power plant on Wednesday at the Umm Gudair oil field, a landmark for the OPEC member country as it seeks to diversify its sources of energy to meet fast-ris... October 27, 2016 1453 Category: Kuwait
Oil Leak Occurred During Drilling At Al-Ahmadi Oil Field Oil 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 the oil spill on the... August 09, 2016 1723 Category: Kuwait
Kuwait To Raise Oil Production By 2020 Kuwait 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 Kuwait Petroleum Corp s... May 12, 2016 1291 Category: Kuwait
Oil To Stabilise At 50-60 Dollars By End 2016 The 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. Bakheet al-Rashidi as... May 03, 2016 1030 Category: Kuwait
OPEC Oil Output Rise In April OPEC'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 a strike in Kuwait ... May 01, 2016 1042 Category: Kuwait
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