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Kuwait Oil & Gas News. Service for global professionals. Constantly updated news and information about Kuwait.
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Latest Kuwait Oil & Gas News

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  • Kuwait budget surplus could reach KD 6 bn in FY2009/10... 11 Nov 2009 19:13 GMT
    ... Kuwait budget surplus could reach KD 6 bn ... In its latest economic brief on the oil market and budget developments, NBK reports that, oil prices surged through October, breaking decisively through the ...

  • Kuwait budget surplus could reach KD 6 bn in FY2009/10 11 Nov 2009 16:34 GMT
    ... In its latest economic brief on the oil market and budget developments, NBK reports that, oil prices surged through October, breaking decisively through the ... beginning of the year. The price of Kuwait Export Crude (KEC) rose by $11.7 to ...

  • OPEC will not up oil quotas for two years: analysts 11 Nov 2009 10:20 GMT
    ... OPEC will not up oil quotas for two years: analysts , A.Badalova/ Analysts ... the cartel might increase oil exports if oil prices reach $75 per barrel. The next OPEC ... reassess the market at the meeting. However, Kuwaiti Oil Minister Sheikh Amed al-Abdullah al-Sabah said ...

  • Kuwait to host 13th Int''l Energy Forum in 2012 -- official 11 Nov 2009 18:52 GMT
    ... KUWAIT, Nov 11 (KUNA) -- Kuwait will be ... for Economic Affairs at the Ministry of Oil Nawal Al-Fuzeia said Wednesday. Kuwait beat both Iran ... than 90 percent of global oil and gas supply and demand. (end) ahj.hb KUNA 111554 ...

  • Oil 'El Dorado' of Africa 11 Nov 2009 10:34 GMT
    ... left in high hopes of reaching the oil "El Dorado" of central Africa: Equatorial Guinea. Standing bag ... the neighbour." The discovery of oil and gas in the early 1990s has created a ... poorest countries, presented as a future "African Kuwait". Today it ranks as sub-Saharan Africa's third ...

  • World''s oil reserves on the increase -- OPAEC chief 11 Nov 2009 18:52 GMT
    ... KUWAIT, Nov 11 (KUNA) -- Secretary-General of Organization ... (KUNA) -- Secretary-General of Organization of Arab Petroleum Exporting Countries (OPAEC) Abbas Naqi denied on ... on Wednesday the reports that the world's oil reserves were on decline. Speaking to KUNA ...

  • China''s October crude oil imports up 19.7 pct 11 Nov 2009 13:10 GMT
    ... TOKYO, Nov 11 (KUNA) -- China's crude oil imports rose 19.7 percent in October from ... world's second-biggest oil consumer after the US. Kuwait is currently exporting around 120,000 - 240,000 ... which is jointly owned by state-run Kuwait Petroleum Corporation (KPC) and Asia's top refiner Sinopec, ...

  • Kuwait''s Ambassador to Bangladesh praises two countries'' ties 11 Nov 2009 10:32 GMT
    ... (KUNA) -- Ambassador of the State of Kuwait to the People's Republic of Bangladesh Abdullatif ... said 80-90 percent of Bangladesh's needs of oil and its products were imported from Kuwait. ... is a committed client that the Kuwait Petroleum Corporation always seeks to preserve", he noted. ...

  • OPEC basket price drops seven cents to USD 76.50 pb 11 Nov 2009 13:05 GMT
    ... Nov 11 (KUNA) -- The price of OPEC basket of 12-crudes dropped seven cents on ... the previous day, the Organization of the Petroleum Exporting Countries (OPEC) said on Wednesday. The annual ... (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light ...

  • Kuwait ranks 5th among countries with wide cases of diabetes -- official 11 Nov 2009 17:41 GMT
    ... KUWAIT, Nov 11 (KUNA) -- Kuwait ranks fifth ... On his part, representative of Kuwait National Petroleum Company (KNPC); sponsor of a walkathon to ... Health Dr. Hilal Al-Sayer and Minister of Oil and Information Sheikh Ahmad Al-Abdullah Al-Sabah. In ...

  • Drawdown uncertainty among issues for SPR 11 Nov 2009 17:59 GMT
    ... normal economic activity during a disruption in oil supply more than the Strategic Petroleum Reserve (SPR). The Department of Energy calls ... operations Desert Shield and Desert Storm in Kuwait) for 21 million bbl, and in 2005 ...

  • Freedom Financial Holdings Confirms Middle Eastern Tour 11 Nov 2009 18:37 GMT
    ... the Company's wholly owned subsidiary dealing with Heavy-oil conversion technology will be conducting a live demonstration ... a live demonstration to members of the Kuwait Oil Company (KOC). "I know everyone has ... LLC 516-967-0205 |© Marketwire, Incorporated. All rights reserved. Your newswire of choice for expert news ...

  • Profit taking trims gains 11 Nov 2009 18:16 GMT
    ... in Canada, to the US next month. Oil and gas group is trading in line with expectations ... spillage and 13.5% of a claim by Kuwait Airways dating back to the first Gulf ...

  • Nearly 70% of region's businesses lack robust business continuity planning 11 Nov 2009 13:11 GMT
    ... including , Saudi Arabia, Bahrain, Qatar, Oman, Kuwait and Jordan. Over 75 organizations across the ... finance, IT, retail, media and entertainment, utilities, oil and gas and manufacturing participated in the survey. Yasser ...

  • 18 killed as fuel tanker collides with bus 11 Nov 2009 06:54 GMT
    ... traveling from Nakonde. The Government hired Dalbit Petroleum of Kenya to import 25 million litres ... shutdown of Indeni Petroleum Refinery for maintenance. Kuwait’s Independent Petroleum Group (IPG) was also asked ... petroleum products in the same quantities and oil marketing companies were requested to import more ...


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