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  1. 3 days ago · The government also achieved full ownership of the Kuwait National Petroleum Company (KNPC), which it had formed in 1960 with private Kuwaiti investors. The KNPC, designed to serve as an integrated oil company, controlled the supply and distribution of petroleum products within the country and began marketing operations abroad.

  2. 2 days ago · Kuwait National Petroleum Company, a KPC subsidiary, likewise abandoned plans to build the 1.5-gigawatt Al-Dabdaba solar complex which would have been operational by 2021. It was likewise reported that the Ahmadi City buildings project has been cancelled after being considered as ‘a non-strategic project.’

  3. 4 days ago · KUWAIT OIL AND GAS. Kuwait crude oil rose USD 1.33 during Tuesday's trading sessions to reach USD 88.89 per barrel compared with USD 87.56 pb the day before, Kuwait Petroleum Corporation (KPC) said Wednesday. Brent futures lost 36 cents to USD 86.24 pb and West Texas Intermediate dropped 57 cents to USD 82.81 pb. (end) km.bs.

  4. 3 days ago · KUWAIT CITY, July 4: Kuwait Oil Company (KOC) has signed nine contracts with five local companies to provide drilling rigs for heavy oil production operations in the northern Kuwait fields, with the aim of supporting the local economy. The contract signing ceremony was held in the company’s main building in the presence of KOC’s Chief….

  5. 5 days ago · Kuwait breaks new record in gas production. • Kuwait has exceeded its target for gas production in 2023-2024, reaching over 600 million cubic feet per day. • The country aims to increase gas production to 780 million cubic feet per day in 2024-2025, 900 million cubic feet per day by 2025-2026, and eventually to 1 billion cubic feet per day.

  6. 3 days ago · Kuwait National Petroleum Co (KNPC) is currently working on implementing a strategy for reviewing the terms and conditions of new contracts, according to a local media report.

  7. 3 days ago · A fire has broken out on at the Mina al-Ahmadi oil refinery in Kuwait but operations and exports have not been affected, the Kuwait National Petroleum Company (KNPC) said on Monday. «. 2021-06 ...