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Latest Kuwait Oil & Gas News

  • CO2 purchase applications made 16 May 2008 14:47 GMT
    ... Mina al-Ahmadi and Mina Abdulla refineries in Kuwait, according to a report from Middle East ... Intelligence (MEED). State refinery operator Kuwait National Petroleum Company (KNPC) is the client and is ... Company, National Petroleum Services Company, Kuwait United Oil Projects Company, Al-Nafisi International and the Challenge ...

  • Arab bourses lacklustre as investors search for fresh clues 16 May 2008 13:30 GMT
    ... that huge surplus petrodollars will accrue to oil-rich countries in the region this year," he ... Jordan Phosphate Mines Co and the Jordan Petroleum Refinery. "A positive mood dominates the Amman ... points up from 9,247 points last week. Kuwait's KSE all-share price index shed 1.3 per ...

  • VIETNAM PLANS MORE EXPORTS TO AFRICA & THE MIDDLE EAST 16 May 2008 06:37 GMT
    ... markets, Vietnam was considering importing quality and competitive goods from these regions such as petroleum and chemicals from Kuwait and Saudi Arabia, textiles and garments from India, and cottons and timber from nations ...

  • VN plans more exports to Africa, Mideast 16 May 2008 06:37 GMT
    ... markets, Vietnam was considering importing quality and competitive goods from these regions such as petroleum and chemicals from Kuwait and Saudi Arabia , textiles and garments from India , and cottons and timber ...

  • Tañon oil search ends 16 May 2008 05:47 GMT
    ... to be laden with huge deposits of oil and gas, has turned out to be ... website of its Tokyo-based parent company, Japan Petroleum Exploration (Japex) Co. Ltd. dated May 13. ... government through Kufpec Philippines, a unit of Kuwait’s state oil company, will have a 35 ...

  • OPEC cuts oil demand forecast 15 May 2008 23:36 GMT
    ... levels before a scheduled meeting in September. Turmoil in global financial markets is to blame ... same period a year earlier, the American Petroleum Institute said. Gasoline consumption is down 0.3 ... are Algeria, Angola, Ecuador, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, the United ...

  • Treasury again warns China on currency, but again fails to cite as manipulator 15 May 2008 20:40 GMT
    ... quickly approaching the 1 trln usd mark. Oil exporting countries in the Gulf Cooperation Council have ... have seen a trade shock from rising oil prices, according to the report. The pegging of ... their currencies to the dollar (except for Kuwait) has produced an increasing inflation problem. Financial ...

  • Dubai fastest growing economy in ME 15 May 2008 15:58 GMT
    ... annual growth rate by efficiently using their oil and gas wealth. "The only need is to create ... undertaken by Abu Dhabi, Qatar, Oman and Kuwait. Indeed, the Middle East countries, specifically the ...

  • Price debate dominates Kuwait election 15 May 2008 13:10 GMT
    ... runup to the country's elections. (Getty Images) Kuwaitis tuck into the sumptuous mounds of rice ... subsidies and demanding the state spend an oil-driven surplus that topped $43 billion last fiscal ... Gulf Arab countries are enjoying amid rising oil prices. Many have increased state salaries, introduced rent ...

  • Oil refinery and petro-chemichal complex ' impetus for development of Nghi Son EZ 15 May 2008 09:56 GMT
    ... Oil refinery and petro-chemichal complex – impetus for ... Son oil refinery and petrochemical project with Kuwait and Japanese partners. This is the first ... using all materials from the Kuwait National Petroleum Company. Once operational, the plant will produce ...

  • Key Challenges and Issues facing the World Industrial Valves Markets 15 May 2008 09:51 GMT
    ... specific end-use segments discussed are Chemical Industry, Petroleum Refining, Pulp & Paper Ind., Water & ... Water & Sewage Utilities, Electric Power Generation, Oil & Gas Transmission, Petroleum Production, and Commercial ... Australia, Russia, UAE, Venezuela, Norway, Singapore, and Kuwait (includes corresponding Graph/Chart) III-37 Key Player III-37 ...

  • UPDATE 2-UAE's Dana Gas income climbs on higher prices 15 May 2008 08:32 GMT
    ... 15 (Reuters) - United Arab Emirates-based Dana Gas DANA.AD, the Middle East's first privately owned ... was mainly driven by an increase in oil prices that have resulted in high returns," Finance ... after rallying almost 39 percent in 2007. Kuwaiti investment bank Global Investment House this month ...

  • Technip: First Quarter 2008 15 May 2008 07:32 GMT
    ... business segment, projects performed as planned. The Oil & Gas market continues to be robust for our ... three Ethylene projects in the Middle East (Kuwait, Saudi Arabia and Qatar) and Dung Quat ...

  • Technip: First Quarter 2008 -- Order intake up 7.5% yoy -- Revenue increased 2.4% yoy to EUR 1.8 billion (+8.5% excluding exchange rates translation impact) -- Subsea EBITDA margin 23% and operating margin 17.9% -- Onshore and Off 15 May 2008 06:06 GMT
    ... business segment, projects performed as planned. The Oil & Gas market continues to be robust for our ... three Ethylene projects in the Middle East (Kuwait, Saudi Arabia and Qatar) and Dung Quat ...

  • Synfuels International sees fuel future in flared natural gas 15 May 2008 04:41 GMT
    ... Bring more oil to market, or find another fuel to put in the gas tank, and you lower oil prices. A ... in the company last November to the Kuwaiti firm Aref Energy Holding Co. for $28.5 ...

  • Citi Arranges a USD 320 Million Syndicated Term Loan Facility for Kuwait Foreign Petroleum Exploration Company (KUFPEC) 15 May 2008 03:29 GMT
    ... 320 Million Syndicated Term Loan Facility for Kuwait Foreign Petroleum Exploration Company (KUFPEC) KUFPEC today announced that ... by KUFPEC to expand its already buoyant oil and gas business. The facility was distributed ...

  • Oil and Politics 14 May 2008 22:07 GMT
    ... Oil and Politics By Richard Heinberg t r ... to suspend oil deliveries to the Strategic Petroleum Reserve in hopes of diverting that oil ... If I were a Saudi or a Kuwaiti, I would be advising my government not ...

  • ConocoPhillips CEO says record crude prices a foe 14 May 2008 21:26 GMT
    ... of ConocoPhillips (COP.N: ), the third-largest U.S. oil company, said on Wednesday world crude oil supplies ... blaming them for record gasoline prices. "High oil prices have not really been our friend as ... OPEC nations such as Saudi Arabia and Kuwait have plentiful inventories of crude oil, Mulva ...

  • UPDATE 2-ConocoPhillips CEO says record crude prices a foe 14 May 2008 21:08 GMT
    ... of ConocoPhillips (COP.N: ), the third-largest U.S. oil company, said on Wednesday world crude oil supplies ... blaming them for record gasoline prices. "High oil prices have not really been our friend as ... OPEC nations such as Saudi Arabia and Kuwait have plentiful inventories of crude oil, Mulva ...

  • UPDATE 1-ConocoPhillips CEO says record crude prices a foe 14 May 2008 18:54 GMT
    ... of ConocoPhillips (COP.N: ), the third-largest U.S. oil company, said on Wednesday world crude oil supplies ... OPEC nations such as Saudi Arabia and Kuwait have plentiful inventories of crude oil, Mulva ... company's plans to split into a natural gas company and integrated oil sands producer. Shares ...

  • ConocoPhillips CEO says crude supplies adequate 14 May 2008 18:21 GMT
    ... of ConocoPhillips (COP.N: ), the third-largest U.S. oil company, said on Wednesday world crude oil supplies ... also told the company's annual meeting, "High oil prices have not really been our friend as ... OPEC nations such as Saudi Arabia and Kuwait have plentiful inventories of crude oil. Factors ...

  • Ceremony for signing production sharing Agreements shows Yemen's strong oil future 14 May 2008 13:17 GMT
    ... Mr. Khalid M. Bahah, the Minister of Oil and Minerals, chaired the signature process with ... by: a. Medco Yemen Amad Limited b. Kuwait Energy Company c. Indian Oil Corporation d. ... was signed by: a. OMV b. Pakistan Petroleum Limited c. General Corporation for Oil and ...

  • SENATE DEMOCRATS HALT DEPOSITS TO STRATEGIC PETROLEUM RESERVE, ADVANCE BILL PRODDING SAUDI ARABIA TO INCREASE OIL SUPPLY 14 May 2008 12:13 GMT
    ... FRIDAY. SENATE DEMOCRATS HALT DEPOSITS TO STRATEGIC PETROLEUM RESERVE, ADVANCE BILL PRODDING SAUDI ARABIA TO INCREASE OIL SUPPLY Senate Today Approved Dorgan-Sponsored Measure 97-1 ... and Iraqi soldiers who were already occupying Kuwait. Many of those soldiers today continue to ...

  • KNPC awards refinery contracts to Korean and Japanese firms 14 May 2008 11:30 GMT
    ... (Datamonitor via COMTEX News Network) -- Refiner Kuwait National Petroleum Company has announced that four major contracts ... Japanese firm, reported Agence France-Presse, quoting an oil official. According to Mohammad al-Ajmi, spokesperson for ...

  • DJ OPEC Daily Basket Down 89c At $118.76/Bbl Tuesday - OPEC 14 May 2008 09:33 GMT
    ... OPEC's basket of 13 oils includes Saharan Blend, ... Girassol, Oriente, Minas, Iran Heavy, Basra Light, Kuwait Export, Es Sider, Bonny Light, Qatar Marine, ... The basket isn't used to set any oil prices in the market, but it does give ...


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