oil
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Business
Kuwait: Do we have sufficient crude oil to run our refineries?!
The highly advanced Al- Zour Refinery in Kuwait is currently operating below its peak capacity of 615,000 barrels per day,…
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Business
Oil surplus: Optimal defense against increasing oil prices
The abundance of oil worldwide is hindering oil prices from surging to higher levels and preventing them from reaching $90…
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Business
Kuwaiti banks’ 2023 financing to oil & gas sector hits 1.81b dinars
KUWAIT CITY, Feb 28: Throughout the year 2023, Kuwaiti banks provided total financing of approximately 1.81 billion dinars to the…
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Business
KNPC aims 800K barrels per day ‘output’ in 2024
KUWAIT CITY, Feb 19: The Kuwait National Petroleum Company aims to raise the production capacity of the Al-Ahmadi and Mina…
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Business
OQ Group and International Petroleum to boost Duqm refinery capacity by 20%
KUWAIT CITY, Feb 18: Oil industry insiders have revealed that Oman’s OQ global integrated energy group and the International Petroleum…
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Business
OQ8, newest oil co in region
OQ8, which opened its first refinery last week in Doqum, Oman, is a joint company between Kuwait and Oman, making…
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Business
Saudi, Kuwait, UAE Supply to India Unaffected by Red Sea Crisis
KUWAIT CITY, Feb 7: An Indian official confirmed that it is unlikely that his country will witness a major interruption…
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Business
Kuwait’s oil price must reach $91 per barrel in next year’s budget
This is the base figure in our budget of KD 25 billion for next year from April 1, which is…
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Business
Japan’s Mitsui Chemical turns down KIP proposal to drop interest
KUWAIT CITY, Jan 26: After the initial approval of Kuwait Petroleum International Company on the proposal to drop the interest…
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