Kuwait Petroleum Company Company News

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Oil to Flow Again from Saudi-Kuwait Neutral Zone
Friday, February 14, 2020Kuwait and Saudi Arabia will resume oil production from their shared fields this month, more than five years after a dispute halted supply.

Qatar and Kuwait Make 15-Year LNG Deal
Monday, January 06, 2020QP will supply Kuwait with up to 3 mtpa of LNG under the long-term deal.

Honeywell Wins Contract for Pioneering Kuwait Project
Tuesday, November 12, 2019Pictured, from left, are Honeywell's Kuwait President Rachad Abdallah and KIPIC Acting CEO Hatem Al-Awadi. PHOTO SOURCE: Honeywell Process Solutions

The Top 10 Ideal NOC Employers
Thursday, August 29, 2019Presenting the highest-scoring NOCs in Rigzone's 2019 Ideal Employer Survey!

Kuwait Petroleum to Reassess $500B Spending Plan
Monday, February 11, 2019Kuwait Petroleum Corp. is reassessing plans to spend about $500 billion in capital investment and may decide this year to combine its eight business units.

Boosted Output at Vietnam's Biggest Oil Refinery After Defects Fixed
Tuesday, August 07, 2018The biggest oil refinery in one of Asia's fastest-growing economies is ramping up production and expects to run at full capacity in September after a 16-month delay due to faulty construction.

KPC: Asian Refiners Seeking More Oil From Outside Iran After US Sanctions
Monday, July 09, 2018Asian refiners are seeking alternatives to Iranian oil from Saudi Arabia, Kuwait, the United Arab Emirates and Iraq.

Saipem to Build Pipelines for Kuwait Refinery Project
Wednesday, August 16, 2017A unit of Kuwait Petroleum Corp. has awarded Saipem an approximately $850 million contract tied to KOC's Al Zour refinery project.

Asia Oil Refinery Delays Favor Producer Case for Extending Output Cuts
Monday, May 22, 2017Energy consultants Wood Mackenzie now expect a net refinery capacity addition in Asia of 360,000 bpd, down from a forecast of 450,000 bpd in December.

Kuwait Petroleum Corporation Focusing On Talent Retention
Tuesday, May 02, 2017KPC's CEO says it will focus its efforts on talent retention.

KPC CEO: Enormous Demand for Oil Forecasted in 2019-2020
Monday, May 01, 2017KPC CEO predicts an "enormous demand" for oil in 2019-2020.

Oman Oil Company to Partner with KPC for Duqm Refinery
Tuesday, November 08, 2016Oman Oil Company Chief Executive Issam Al Zadjali says the firm will sign a memorandum of understanding with Kuwait Petroleum Company to partner at the Duqm refinery.

Kuwait Sees OPEC Strategy Working As Oil Nears $50 On Demand
Thursday, May 19, 2016OPEC's strategy to defend market share over prices is working as oil approaches $50 a barrel amid rising demand and declining output from producers including U.S. shale companies, Kuwait's acting oil minister says.

Kuwait Oil Workers to End Strike after Three-Day Disruption
Wednesday, April 20, 2016Kuwait oil workers say they'll end a strike that disrupted output in OPEC's fourth-largest producer for three days, after the government said it wouldn't negotiate while the walkout lasted.

Kuwait Oil Output Rises To 1.5 Million Barrels A Day Amid Strike
Tuesday, April 19, 2016Kuwait's crude output edges higher to 1.5 million barrels a day as it brought more production facilities back on line after halting some operations at the start of a labor strike now in its third day.

Kuwait Crude Production Plunges On First Day Of Strike Over Pay
Monday, April 18, 2016Kuwait's crude production tumbles by 60 percent and its refineries scale back operations as the state oil company took emergency measures to cope with the first day of an open-ended labor strike.

S.Korean Bank, Kuwait Petroleum Sign MOU for $5B Financing
Monday, October 19, 2015Export-Import Bank of Korea signs a memorandum of understanding with Kuwait Petroleum Corporation to finance $5 billion for some of the state-run oil company's projects in Kuwait.

Kuwait Petroleum Aims to Boost Outlets for Its Fuels in Europe
Friday, September 18, 2015Kuwait Petroleum plans more investments in Europe to help to provide more outlets for the fuels it produces.

The Industry's Game-Changer: Technology
Tuesday, May 01, 2012Innovation and collaboration are crucial for overcoming future energy challenges, panelists said during an OTC 2012 session that examined the challenges and uncertainties over the future availability of oil.

Kuwait Replaces Oil Minister with Ex-KPC Head
Tuesday, February 14, 2012Kuwait's Emir Sheikh Sabah Al-Ahmad Al-Sabah appointed Hani Hussein, a former chief executive officer of Kuwait Petroleum as oil minister, as part of a wider cabinet reshuffle in the Gulf state.

Kuwait on Track to Up Khafji Oil Output to 350,000 B/D
Wednesday, November 05, 2008Kuwait is cutting its crude oil output by 100,000 barrels a day from this month as part of a pledge by OPEC but remains on track to boost output from the Khafji field in the Neutral Zone to 350,000 barrels a day in 2009.

Stratic Receives Approval from Syrian Parliament for Block 17 PSC
Thursday, December 08, 2005The Syrian parliament has ratified the Production Sharing Contract between the Government of Syria, Stratic and KUFPEC for Block 17, with an effective date of Dec. 8th for the commencement of the initial 3-1/2 year exploration term of the contract.

Stratic Inks PSC on Syrian Block 17 and Acquires a Partner
Thursday, March 31, 2005Stratic Energy has initialed the Production Sharing Contract with the Syrian authorities, pertaining to exploration and production rights on Block 17, onshore Syria and has separately entered into an agreement with the Kuwait Foreign Petroleum Exploration Company, to co-venture in petroleum operations on the block.

WesternGeco Wins Seismic Project in Kuwait
Tuesday, November 04, 2003WesternGeco has signed an agreement with the Kuwait Oil Company for a comprehensive Q-Reservoir(a) project in Kuwait.

Kuwait's Parliament to Make Oilfield Project a Priority
Tuesday, November 04, 2003Kuwait Petroleum Corp's Chief Executive Officer, Nader Sultan, said a long-delayed project allowing foreign oil companies back into the country would move forward soon.