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Wednesday , November 14 2018

Tag Archives: KNPC

KNPC denies sacking Kuwaiti workers after refinery closure

KUWAIT CITY, Sept 18: MPs Hamoud Al-Khudair and Askar Al-Anazi were shocked when they heard news on the dismissal of more than 100 Kuwaiti employees from Shuaiba Refinery and that they were replaced with Asian workers. Stressing that generating job opportunities for Kuwaitis will remain as one of the priorities …

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KNPC likely to spend KD 3.5b in next five years: Al-Mutairi – Company expected to hire additional 377 workers

KUWAIT CITY, Aug 27, (Agencies): Kuwait National Petroleum Company’s (KNPC) expenditure for the next five years is likely to touch KD 3.5 billion ($11.6 billion), the company’s CEO Mohammad Al-Mutairi said on Sunday. In an interview with local Al-Rai daily, he said that such expenses are earmarked for ongoing projects …

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KNPC signs $6.25bn loan for fuels project

KUWAIT CITY, May 24, (RTRS): Kuwait National Petroleum Co (KNPC) has signed a $6.25 billion loan with international lenders and export credit agencies (ECAs) to finance its planned clean fuels project, the company announced on Wednesday. The loan is the largest ever ECA-backed corporate facility, the company said in a …

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KNPC to hire 45,000 laborers for fuel project

KUWAIT CITY, May 10: Kuwait National Petroleum Company (KNPC) has announced the end of transactions for bringing 45,000 laborers for the clean fuel project. During a get-together organized by KNPC in honor of the state institutions that are participating in the project, Executive Vice President for Projects at KNPC Abdullah …

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KNPC posts $715mn profits for 2016/17 – Sales of petroleum products total $21.7 billion over past FY

KUWAIT CITY, April 30, (KUNA): The Kuwait National Petroleum Company (KNPC) has made net profits of $715 million (KD 216 million) for the FY 2016-2017, CEO Mohammad Ghazi Al-Mutairi said. KNPC’s sales of petroleum products over the past FY totaled 58.4 million tons worth $21.7 billion (KD 6.6 billion), he …

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KNPC aims to finalize ‘$5 bn-plus’ loan by Q1

DUBAI/KUWAIT CITY, Oct 16, (RTRS): Kuwait National Petroleum Co (KNPC) expects to finalise a loan of well over $5 billion to finance its Clean Fuels project by the end of the first quarter of next year, sources involved in the project said. The state-owned refiner had originally said it planned …

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‘KNPC plans over KD 12b major projects until 2022’ – Ports will be upgraded: Al-Ajmi

KUWAIT CITY, May 18, (KUNA): Kuwait National Petroleum Corporation’s (KNPC) total investment until the year 2022 amounts to KD 12.630 billion, deputy director of the company’s projects Abdullah Al-Ajmi said on Wednesday, adding the investments include various key projects. In a statement to the press on the sidelines of a …

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KNPC signs KD 1.2 bn loan for fuels project – KPC inks supply deal

KUWAIT CITY, April 28, (RTRS): State-owned refiner Kuwait National Petroleum Co (KNPC) signed on Thursday the first tranche of financing for its multi-billion-dollar Clean Fuels Project, a major plank of the country’s economic development plan. The tranche, provided by local banks and lasting for 10 years, is worth 1.2 billion …

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KNPC is likely to achieve good profit in FY: Al-Azmi

KUWAIT CITY, April 3, (KUNA): Kuwait National Petroleum Company (KNPC) is anticipated to achieve good profits in the fiscal year that ended last March, said Deputy CEO of KNPC’s Shuaiba Refinery Mutlaq Al-Azmi. “The FY ending on March 31 has not been reviewed yet. But, God willing, there will be good …

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KNPC close to $3 billion loan to part-fund refineries revamp

DUBAI, March 15, (RTRS): Kuwait National Petroleum Company (KNPC) expects to close the first phase of funding for its multi-billion-dollar Clean Fuels Project with local banks as soon as the first week of April, the state oil refiner told Kuwait News Agency on Tuesday. Part of the country’s KD 30 …

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