Tuesday, November 21, 2017

Kuwait News

Kuwait's Oil Exports Not Affected by Bad Weather

Kuwait is exporting crude and oil products as normal and there has been no disruption from bad weather, a spokesman for state-run Kuwait National Petroleum Co (KNPC) told Reuters on Monday. "Everything is working normally without any problem,"  Khalid al-Asousi said. A dust storm and strong winds on Monday had halted operations at Kuwait's non-oil ports…

Kuwait to float Az-Zour North One

Kuwait plans to sell shares in Az-Zour North Independent Water & Power Project to the public in mid-2017, state news agency Kuna reported on Saturday. The Az-Zour North One plant has a capacity of at least 1,500 MW and is structured as a public-private partnership (PPP). The project is 40 percent owned by three partners: France's Engie…

Kuwait in Talks on Russian LNG Imports

LNG carrier credit Gazprom

Gazprom informs it has hosted a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Abdulaziz Al-Adwani, Ambassador Extraordinary and Plenipotentiary of the State of Kuwait to the Russian Federation to discuss prospects for bilateral cooperation in the oil and gas sector.

Union Leader Says Kuwait O&G Workers Strike on Course for Sunday

A Kuwaiti labour union leader said on Wednesday plans for a strike by thousands of workers at state-owned oil, gas and petrochemical companies starting next week were in place, denying reports that negotiations were under way. Acting oil minister Anas al-Saleh said on Wednesday that talks were proceeding between the government and unions to avert the strike…

Saudi, Kuwait Tensions Basis for Oilfield Closure

Shutdown of joint field brings back old disputes; Kuwait is placing restrictions on Chevron's operations. Disagreements over right to operate delayed energy projects. Saudi Arabia's closure of an offshore oilfield it shares with Kuwait has revived speculation of renewed tensions between the two, and put Chevron's role in the shared Neutral Zone in focus.

OPEC Secretary General meets with Emir of Kuwait, Kuwaiti Officials

HH Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Emir of State of Kuwait meets with HE Mohammad Sanusi Barkindo, OPEC Secretary General Photo OPEC

His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Emir of State of Kuwait, on November 6 met with His Excellency Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) in Bayan Palace, Kuwait City. HH Sheikh Sabah reaffirmed Kuwait’s longstanding…

Kuwait Beefs up Security at Oil Installations

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Kuwait has reinforced security around oil installations following a suicide bombing that had killed 27 people at a Shi'ite Muslim mosque, a spokesman for the state-run Kuwait National Petroleum Company (KNPC) said on Friday. Khaled al-Asousi said that precautionary measures had long been in place around oil installations in Kuwait.

Kuwait Says Security Raised to Highest in Oil Sector

Kuwait National Petroleum Company (KNPC

OPEC member state Kuwait has stepped up security to the highest level at state-run oil conglomerate Kuwait Petroleum Corp (KPC) and its affiliates, state-run KUNA reported on Saturday, a day after a suicide bomber killed 27 people in a Shi'ite mosque. KUNA quoted Sheikh Talal al-Khaled al-Sabah, spokesman for the country's oil sector.

Kuwait signs $3 bln LNG Deal with BP

Kuwait's state oil group said it signed a five-year liquefied natural gas (LNG) supply deal with BP on Tuesday, worth an estimated $3 billion, the Gulf state's second energy import deal this week. Kuwait Petroleum Corp (KPC) signed a $12 billion LNG supply deal with Royal Dutch Shell on Sunday. Kuwait…

Kuwait: OPEC to Discuss Production Cut in November

OPEC will discuss at a meeting in November whether to extend or end production cuts, Kuwait's oil minister Essam al-Marzouq told Kuwait TV on Monday. "At our next meeting at the end of November...the most important items will concern the fate of the agreement to extend or terminate the production cut," Marzouq told Kuwait TV in an interview.

Kuwait Says To Sign $12bn LNG Supply Deal With Shell

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Kuwait's state oil group said on Sunday it would sign a six-year liquefied natural gas (LNG) supply deal with Royal Dutch Shell estimated at $12 billion as the major oil exporter seeks to meet energy demands for the hot summer months. It was not immediately clear if the contract was the same as an LNG…

Kuwait Signs LNG Deal With Qatargas

Qatar Emblem

Kuwait has signed a contract to import liquefied natural gas (LNG) from fellow Gulf state Qatar to help meet its energy needs to the end of 2014, state news agency KUNA reported on Sunday. The first shipment of LNG will arrive in Kuwait on Monday under the contract between Kuwait Petroleum Corporation (KPC) and state-owned Qatargas, KUNA said.

Saudis, Kuwait Struggle to Restart Khafji Oilfield

Kuwait and Saudi Arabia appear no closer to restarting their jointly operated Khafji oilfield, industry sources said, despite Kuwait saying the sides had agreed to ramp up output after an 18-month shutdown. Any delay in the restart of the Neutral Zone field that produced 280,000 to 300,000 barrels per…

Kuwait Energy sInks $100 mln Financing Facility with Vitol

Kuwait Energy said on Wednesday it signed a forward sale agreement with Vitol providing it with a financing facility for up to $100 million. The Kuwaiti oil and gas exploration and production company, with assets in Egypt, Iraq, Oman and Yemen, said it has received the first drawdown of $40 million on Dec.

Kuwait's oil output capacity rises to 3.3 mln bpd - KPC

Kuwait has increased its oil production capacity to 3.3 million barrels of oil a day (bpd) and is hoping to reach 3.5 million bpd in 2015, the head of its state oil company said on Monday. Kuwaiti officials have previously said that capacity in the OPEC member state was around 3.1-3.2 million bpd. "Kuwait…

Kuwait Boosts Oil and Diesel Supplies to Egypt

Kuwait will boost its supply of crude oil to Egypt by nearly a third and increase shipments of petroleum products in a deal the Gulf state's oil minister said was an obligation to help Cairo through its problems. State-run Kuwait Petroleum Corporation (KPC) will provide 85,000 barrels per day (bpd) of oil to Egypt…

Kuwait Petroleum eyes Indian Refinery, Offers Feedstock

Kuwait Petroleum eyes 50 pct stake in Paradip refinery; Kuwait wants to supply 60 pct of refiner's oil needs. Kuwait Petroleum Corp (KPC) aims to pick up a significant stake in Indian Oil Corp's Paradip refinery and supply about 60 percent of the oil needs of the plant, set to start up later this year, three sources with knowledge of the matter said.

Kuwait to Boost Oil Exports to China

Kuwait plans to increase the volume of crude oil exports to China to 500,000 barrels a day (bpd) in three years, an executive at the state-run Kuwait Petroleum Corporation (KPC) said Saturday. On Monday, Kuwait concluded a new 10-year deal with a China's Sinopec Corp to nearly double its supplies by…

OPEC Secretary General meets Kuwait’s Emir

HH Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Emir of the State of Kuwait, receives HE Mohammad Sanusi Barkindo, OPEC Secretary General Photo OPEC

His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah, the Emir of the State of Kuwait, received on January 9 , HE Mohammad Sanusi Barkindo, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), accompanied by HE Issam A. Almarzooq, Kuwait’s Minister of Oil and its Minister of Electricity & Water, at Bayan Palace, Kuwait City.

Iran's Rouhani: Those Responsible for Oil Drop will Suffer

Iranian President Hassan Rouhani said on Tuesday that countries behind the fall in global oil prices would regret their decision and warned that Saudi Arabia and Kuwait would suffer alongside Iran from the price drop. "Those that have planned to decrease the prices against other countries will regret this decision…