Financials and Investment News in Kuwait

Kuwait Deputy Prime Minister and Minister of Oil Participates in the "OPEC Plus" Meetings
6/2/2022 - His excellency the Deputy Prime Minister, Minister of Oil and Minister of State for Council Affairs, Dr. Muhammad Abdul Latif Al-Fares, headed the State of Kuwait participants in the meeting of The 41...
EQUATE Group Unifies Sustainability Efforts Globally
9/1/2020 - EQUATE Group has published its latest sustainability performance results as it continues on its path to create long-term value and positive change in the communities it serves around the world. The co...
Kuwait Petroleum Signs MoU with Britain for up to $3B in Loans and Credit
3/4/2019 - State-owned Kuwait Petroleum Corp (KPC) has signed a memorandum of understanding with the British government for up to $3 billion in loans and credit facilities, the company said. ...
Kuwait's Kufpec Signs $1.1 billion Finance Deal
7/31/2018 - Kuwait Foreign Petroleum Exploration Company (Kufpec) has signed a $1.1 billion finance deal with a number of banks to help it expand its oil and gas operations, the company’s chief executive said. ...
Kuwait Oil Tanker Co. Signs Financing Deal for Eight Tankers
3/15/2018 - Kuwait Oil Tanker Company said has signed a 140 million dinar ($467 million) financing deal with three local banks for eight oil tankers, state news agency KUNA reported. ...
Kuwait’s $508 Billion Oil Spending Plan Gets Attention of Banks
2/1/2018 - Kuwait’s $508 billion energy spending plan and the prospect for juicy profits from financing it is grabbing the attention of some of the nation’s banks. ...
KIPCO Completes KD 100 million Seven-year Bond Issue
12/28/2017 - KIPCO – the Kuwait Projects Company (Holding) – has announced that it has successfully completed the issuance of a KD 100 million (US$ 331 million) bond issue. This the first ever seven-year corporate...
Baker Hughes: Projects in Kuwait will Boost Value Added Oil
10/19/2017 - Oil projects currently carried out in Kuwait would promote value added to oil industry in the country, Sufyan Knoon, Regional Manager of Baker Hughes in Gulf and Turkey, said. Speaking to KUNA on the ...
Kuwait Seeks Energy Venture With Traders From Glencore to Vitol
7/25/2017 - OPEC member Kuwait plans to start trading energy and not just producing it, joining other Middle Eastern producers eager to claw back some of the profit traders like Vitol Group and Glencore Plc earn ...
Kuwait National Petroleum Signs $6.25 bln Loan for Clean Fuels Project
5/24/2017 - Kuwait National Petroleum Co (KNPC) has signed a $6.25 billion loan with international lenders to back its planned Clean Fuels project, the company announced. The financing was backed by seven export ...
Kuwait Willing to Extend OPEC Deal
3/13/2017 - Kuwait will support the extension of a global deal to cut oil supply beyond June, the country's oil minister said on Monday as the market needs more time to rebalance. ...
Kuwait's KPC to Spend 35B dinars on Oil Projects in 5 Years
2/13/2017 - Kuwait Petroleum Corp (KPC) expects to spend 35 billion dinars ($114.8 billion) on oil projects in the next five years, its chief executive officer said, adding 30 percent of the amount would be for l...
Kuwait Plans Power Company IPO as Part of Economic Overhaul
1/30/2017 - Kuwait plans to list a power and water company this year, as part of plan to overhaul its economy following the slump in oil prices. ...
OPEC, Non-OPEC Monitoring Committee to Meet Next after March 17
1/22/2017 - A committee set up to monitor oil output cuts by OPEC and non-OPEC producers will meet next after March 17 in Kuwait, Kuwaiti Oil Minister Essam Al-Marzouq told reporters following the committee's fir...
Kuwait's KNPC Mandates Banks for $4B Loan Facility
12/12/2016 - Kuwait National Petroleum Co (KNPC) has selected 10 international banks to provide a loan facility of more than $4 billion to back its Clean Fuels project, banking sources said. ...
Kuwait Energy Aiming to Close RBL Loan of up to $100M by Year-end
12/4/2016 - Kuwait Energy plans to close by the end of this year a reserve-based lending (RBL) loan facility of up to $100 million, sources familiar with the situation said. ...
Kuwait Petroleum Corp to Sell 2017 Gasoil, Jet Fuel at Lower Prices
11/3/2016 - Kuwait Petroleum Corp (KPC) has agreed to sell gasoil and jet fuel under long-term contracts for 2017 at nearly half the premiums of what it sold in 2016, traders said. ...
Kuwait’s KNPC Aims to Finalize $5 billion-plus Loan by First Quarter
10/16/2016 - Kuwait National Petroleum Co (KNPC) expects to finalize 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 ...
Dow Chemical’s Kuwait Venture Said to Plan Up to $3 Billion Bond
9/27/2016 - Kuwait’s Equate Petrochemical Co. has hired banks for a potential bond issue of as much as $3 billion, according to two people with knowledge of the deal. ...
Kuwait Seeking to Privatise Some KPC Facilities
3/14/2016 - Kuwaiti Finance Minister Anas al-Saleh told a press conference that the country would seek to privatise some state-owned projects, including airports, ports and some facilities of the Kuwait Petroleum...

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