Financials and Investment News in Kuwait

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...
Kuwaiti Oil Minister Sees Crude at $40-$60 over Next Three Years
3/9/2016 - Kuwait's acting oil minister said he expected oil prices of $40 to $60 a barrel over the next three years. "I think we will see an indication of an increase in demand by end of this year and probably ...
KPC to Sell Loss-making Units
2/9/2016 - State-run Kuwait Petroleum Corp (KPC) plans to sell loss-making assets to cut costs as low oil prices pressure its finances, state news agency KUNA reported. ...
Kuwait's EQUATE in Talks to Refinance $6 bln Bridge Loan
2/7/2016 - Kuwait's EQUATE Petrochemical Co is in talks with banks to refinance a $6 billion bridge loan that it secured last year and was partly used to fund the acquisition of petrochemical company MEGlobal, s...
KPC Signs MoU worth USD 5 bln with Korea's Eximbank
10/27/2015 - The Kuwait Petroleum Corporation (KPC) and the Export-Import Bank of Korea, also known as Korea Eximbank, have signed in Seoul, a Memorandum of Understanding (MoU) worth USD 5 billion. ...
KNPC to Invest $40 Bln to 2022
11/24/2014 - Kuwait National Petroleum Co ( KNPC ) plans to spend $40 billion in the period to 2022 on projects including a new refinery and a clean fuels project, its chief executive said. ...
KUFPEC Secures $1 Billion
11/19/2014 - KUFPEC ,a wholly owned subsidiary of Kuwait Petroleum Corporation (KPC), signed a new $1 billion (c. KD288 Million) five-year term loan facility. The Bank of Tokyo-Mitsubishi UFJ, Ltd., HSBC Bank Mid...
Kuwait to Spend $40b to Boost Oil Output to 4 Mln Bpd
11/13/2014 - Kuwait plans to invest around $40 billion to boost its oil production capacity to 4 million barrels per day (bpd) by 2020, an executive from Kuwait's state oil company ( KOC ) said. ...
KGOC Operating Budget Hits KD 400 Mln
3/12/2013 - The Kuwait Gulf Oil Company (KGOC), a subsidiary of Kuwait Petroleum Corporation (KPC), has set its annual operating budget for 2013 at an estimated KD 400 million, KGOC Chairman and Managing Director...
KPC Announces KD 1.8 Bln in Profit Till End of Nov. 2012
1/8/2013 - Kuwait Petroleum Corporation (KPC) made KD 1.8 billion in profit till end of November 2012, Managing Director for Financial and Administrative Affairs at the state-owned firm Ali Al-Hajri said. ...
Abraaj Capital and Kuwait Energy Sign Investment Agreement
Abraaj Capital and Kuwait Energy Sign Investment Agreement 4/10/2012 - Abraaj Capital, a leading private equity manager investing in high growth markets, and Kuwait Energy, one of the fastest growing independent upstream oil and gas exploration and production companies i...
Emirate Discussion Alternative Routes for Oil Exports
4/9/2012 - Kuwait is mulling "many scenarios" in case the strategic Strait of Hormuz is closed, disrupting its vital oil exports, a top official said. "We are discussing many scenarios but we have not decided wh...
One-Dollar Hike in Oil Price Adds USD 1 Mln to Kuwait Revenues
3/7/2012 - Chief Executive Officer of Kuwait Energy Co. Sara Akbar said each increase in the oil prices by one US dollar per barrel adds USD one million to the company's revenues. "The production cost at the com...
Kuwait’s Oil Revenues Likely to Top KD 27.8 Bln
3/3/2012 - Kuwait's oil revenues may amount to KD 27.8 billion in the FY 2011-2012 if the production and price levels remain the same as in February, the eleventh month of the current fiscal year, an economic re...
KUNA Issues Fourth Edition of Seasonal Oil Report
1/3/2012 - Kuwait News Agency (KUNA) released a new edition of its quarterly oil report, which reviews the oil industry in the State of Kuwait and oil prices in light of the global financial crisis, geopolitical...
Delivery of Kuwait's Oil Donation to Japan Completed
12/14/2011 - Japan renewed its gratitude for unstinted assistance, and expressions of condolences and sympathies from Kuwait in the wake of the March disasters, especially the donation of five million barrels of c...
Kuwait Pledges KD 75 Bln for Oil-Related Projects
12/6/2011 - Kuwait has allocated KD 75 billion for the development of oil-related projects in the country, as part of its development plan, Executive Director of the state-run Kuwait Petroleum Corporation Farouq ...
Kuwait Energy Posts 47.9 Million Revenues
11/8/2011 - Kuwait Energy Company, one of the fastest growing, independent, oil and gas exploration and production companies in the Middle East, announced unaudited revenues of USD 47.9 million for the third quar...
OPEC Member Countries Economy - OCT 11
OPEC Member Countries Economy - OCT 11 10/20/2011 - Inflation in Kuwait climbed to 4.6% on an annual basis in August, as published by the Central Statistics Office. Consumer price inflation gained 0.1% m-o-m in July. It also recorded 4.6% y o-y, its sm...
Kuwait Oil Donation Jumpstarts Japan's Reconstruction Efforts
10/13/2011 - Japan renewed gratitude to H.H. the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah and the Kuwaiti people for donating five million barrels of crude oil to support its post-quake reconstruction. In his ...

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