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OIL AND GAS

Electricity restored in Nuzha after hour-long blackout

May 22, 2019

Electricity restored in Nuzha after hour-long blackout

KUWAIT: An hour-long blackout hit parts of Nuzha in the early hours of yesterday. Informed sources noted that the blackout was the result of a malfunction in a power unit, which was immediately dealt with by Ministry of Electricity and Water emergency technicians.

Charity inspections
The Ministry of Social Affairs’"... Continue Reading

Kuwait’s oil production declined by 10 thousand bpd

May 21, 2019

Kuwait’s oil production declined by 10 thousand bpd

KUWAIT CITY, May 20, Kuwait’s oil production declined by 10 thousand barrels per day from 2.707 million bpd to 2.697 million bpd in April, according to a report of the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC countries, reports Annahar daily.

The report said the reduction concentrated mainly in Iran"... Continue Reading

Degrees of 20,000 oil sector staff to be sent for verification

May 21, 2019

Degrees of 20,000 oil sector staff to be sent for verification

KUWAIT CITY, May 20: The Ministry of Oil will send for authentication 20,000 certificates of employees working in the oil sector to the Ministry of Higher Education, reports Al-Rai daily quoting reliable sources.

The sources pointed out the concerned authorities in the sector have formed a committee to review the certificates especially"... Continue Reading

Gulf countries strengthen oil coordination

May 21, 2019

Gulf countries strengthen oil coordination

KUWAIT: Kuwait’s Deputy Foreign Minister said countries in the Gulf have strengthened coordination to provide oil to global markets amid increased regional tensions. “It is normal amid this escalation that Kuwait and the Gulf Cooperation Council (GCC) countries take these steps,” Khalid Al-Jarallah told reporters late Sunday on the sidelines of a Ramadan sit-down organized by the Iraqi"... Continue Reading

Falih: No oil shortage, OPEC to act if needed

May 19, 2019

Falih: No oil shortage, OPEC to act if needed

JEDDAH: Saudi Arabia’s Energy Minister Khalid Al-Falih said yesterday that he saw no oil supply shortage as global oil inventories are still rising, particularly from the United States, but OPEC will be responsive to the oil market’s needs. Speaking in Jeddah ahead of a ministerial panel gathering today of top OPEC and non-OPEC producers, including Saudi Arabia and Russia, Falih told Reuters"... Continue Reading

Consumption of gasoline increases

May 18, 2019

Consumption of gasoline increases

KUWAIT CITY, May 16: Official data shows Kuwait’s consumption of petroleum products, especially gasoline, rises year after year despite the increase almost three years ago the prices of gasoline, diesel and kerosene, reports Al-Anba daily.

The data showed a boom in consumption of 95 Octane over the past years by 2.57 billion"... Continue Reading

Oil prices spike on geopolitical tensions in Gulf

May 16, 2019

Oil prices spike on geopolitical tensions in Gulf

KUWAIT: A threat of tightening oil supplies led by geopolitical issues in the Gulf pushed oil prices up this week after seeing consecutive declines over the past two weeks. In addition, the hunt for replacement crude by oil importers as a result of sanctions on Iran without waivers and on Venezuela also supported spot oil prices for some specific crude grades from producers in the Gulf and Africa. On the"... Continue Reading

Oil prices reach 6-month highs; US pushes OPEC to pump more

May 9, 2019

Oil prices reach 6-month highs; US pushes OPEC to pump more

KUWAIT: Oil prices posted a fourth consecutive month of gains in April, rising to 6-month highs amid continued market tightness and the Trump administration’s recent decision to end the Iran sanctions waivers. Major crude benchmarks Brent and West Texas Intermediate (WTI) reached as high as $74.6/bbl and $66.3/bbl, respectively, around 23 April-levels last recorded in late October 2018-though both"... Continue Reading

CTC gives go ahead for two tenders

May 7, 2019

CTC gives go ahead for two tenders

KUWAIT CITY, May 6: The Central Tenders Committee (CTC) has approved the request of Kuwait Petroleum Industries Company (KIPIC) to award the two tenders for the operation and maintenance of sulfur handling units, marine facilities and sewage treatment plant in Al-Zour refinery, reports Al-Rai daily.

The first group is Dietsmann"... Continue Reading

Ministry of Electricity and Water laid off 82 employees, including 67 citizens

May 7, 2019

Ministry of Electricity and Water laid off 82 employees, including 67 citizens

KUWAIT: Statistics issued by the Ministry of Electricity and Water (MEW) showed that the ministry laid off 82 employees – 67 citizens and 15 expats – including 20 holding university degrees, 10 holding diplomas, 26 holding school leaving certificates, 17 with intermediate school certificates and nine with primary education or lower.

Meanwhile,"... Continue Reading

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