- Algeria allocates $3.5 billion to support exploration and to increase the size of hydrocarbon reserves
- Qatar Energy to add another 2 gigawatts to its installed solar capacity
- Indian Oil Corporation signs second agreement with Ruwais LNG
- The Iraqi government is unable to reduce production from Iraqi Kurdistan to be in line with OPEC+ decisions
- Saudi Arabia's oil export revenues to fall in 2024 due to repeated voluntary production cuts
- ASRY Awarded 2024 RoSPA Gold Medal in Health and Safety
- BP ponders shifting focus away from renewables, say sources
- QatarEnergy enters 10-year naphtha supply agreement with Japan’s ENEOS Corporation
- The International Energy Agency expects oil demand growth to slow in 2024
- The International Monetary Fund re-selects Kristalina Georgieva as its director
Kuwait
The Kuwait Oil Tanker Company temporarily stops the passage of its ships in the Red Sea
The Kuwait Oil Tanker Company decided to temporarily stop the passage of its tankers in the Red Sea due to the development of events in the Red Sea and Gulf of Aden region. The temporary suspension...
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Kuwait intends to increase its oil production to 3 million B/D in 2025
The CEO of Kuwait Oil Company, Ahmed Jaber Al-Eidan, stated that Kuwait currently has oil production capacities exceeding 2.8 million barrels per day, and it is targeted to increase this to reach...
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Kuwait plans to increase free gas production and use it to stimulate the petrochemical industry
As part of its new vision for 2035, Kuwait plans to increase natural gas production, while continuing to maintain the oil production share as it is within the OPEC + alliance. With regard to natural...
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Strategic Partnership between Chemikuwait and Halliburton
Eng. Alaa Hassan, CEO of Chemikuwait for Chemical Industries (CKCI), has expressed her satisfaction at announcing a major achievement by the company. A strategic agreement was signed with Halliburton...
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الكويت: إعادة هيكلة القطاع النفطي بدمج شركات القطاع النفطي في 4 كيانات بنهاية 2021
بسبب تداعيات جائحة فيروس كورونا علي أسواق النفط العالمية، والتزام الكويت بقرارات خفض الانتاج الصادرة عن...
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Kuwait Oil Company achieves three new oil discoveries
According to what was published by the Kuwait News Agency, the Minister of Oil and Minister of Electricity and Water in the State of Kuwait, Dr. Muhammad Al-Faris, announced two new oil discoveries...
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On the path of Saudi Arabia and UAE .. Kuwait stores quantities of its crude oil in Japan
Kuwait News Agency reported that the deputy managing director of international marketing operations in Kuwait Petroleum Corporation, Ghadeer Al-Qadfan, announced the signing of an agreement with the...
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Kuwait may be in urgent need to borrow 66 billion dollars
Due to the repercussions of the Coronavirus pandemic and the fall in oil prices, Kuwait is currently going through one of its worst financial crises. Some sources estimate that the general budget...
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Kuwait Oil Company exports large shipments of its strategic heavy oil project
Despite the challenges that heavy oil poses to companies and producing countries, due to the difficulty of extracting it and the complexities that characterize its reservoirs, Kuwait Oil Company is...
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Kuwait Oil Company to cut production by 646 thousand barrels per day to implement its share of the (OPEC+)
Kuwait Oil Company is developing a plan to implement OPEC’s new decision by cutting Kuwait oil production by 646 thousand barrels per day in order to reduce the world oil glut in the market and to...
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