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OIL AND GAS

Q8 voted Best Fuel brand 2019 in Belgium

March 21, 2019

Q8 voted Best Fuel brand 2019 in Belgium

BRUSSELS, March 20, (KUNA): Q8, the trademark brand for Kuwait Petroleum International’s fuel stations in Europe, has won the award for Best Fuel brand at the Best Brands Awards 2019 held in Brussels. According to a Q8 press release received by the Kuwait News Agency (KUNA), Tuesday, the prize has been awarded based on consumer opinion from 5,000 Belgian families, who were asked about brand perception"... Continue Reading

ExxonMobil Provides $300,000 to Support Relief Efforts in Mozambique Following Cyclone Idai

March 20, 2019

ExxonMobil Provides $300,000 to Support Relief Efforts in Mozambique Following Cyclone Idai

(AETOS Wire)-- ExxonMobil said today that it is providing $300,000 to aid agencies to support disaster relief and recovery efforts in Mozambique following Cyclone Idai, which made landfall on March 14. Of this amount, $250,000 will be contributed to the American Red Cross for ongoing rescue efforts and for food, shelter and comfort for the storm’s victims. ExxonMobil’s affiliate ExxonMobil Moçambique Limitada will contribute another $50,000 to organizations operating in Mozambique that are assisting the government with disaster relief efforts. “We are deeply saddened by the impact of Cyclone Idai on Mozambique and surrounding countries,” said Darren W. Woods, ExxonMobil chairman and chief executive officer. “The devastation has been widespread, and this funding will help provide relief during a difficult time. Our thoughts...... Continue Reading

KNPC preparing to add 37,000 bpd coking unit as part of ‘clean environ fuel’ project

March 19, 2019

KNPC preparing to add 37,000 bpd coking unit as part of ‘clean environ fuel’ project

KUWAIT CITY, March 18: The Kuwait National Petroleum Company (KNPC) is preparing to add a 37,000 bpd coking unit during the third quarter of this year as part of the clean environmental fuel project, reports Al-Jarida daily quoting a reliable oil source.

The source explained that the company currently owns two identical units of"... Continue Reading

Fifth gas train project to start operation in ’20: KNPC official

March 16, 2019

Fifth gas train project to start operation in ’20: KNPC official

KUWAIT CITY, March 14, (KUNA): The state-owned Kuwait National Petroleum Company (KNPC) has stated that its strategic fifth gas train project would be operative as of 2020 not 2019 as it was reported by media on Tuesday.

Yesterday’s reports were based on a typo mistake in copies of KNPC CEO Waleed Al-Bader’s speech"... Continue Reading

Appointments, transfers in KPC

March 14, 2019

Appointments, transfers in KPC

KUWAIT CITY, March 13: CEO of Kuwait Petroleum Corporation (KPC) Hashem Al-Hashem has issued an administrative circular to declare that the Director of Public Relations Sheikh Faisal Jaber Al-Sabah has been assigned to take charge as the Managing Director of Human Resources, reports Al-Qabas daily.

In another circular, he announced"... Continue Reading

TechnoGAS Co wins KOC deal

March 13, 2019

TechnoGAS Co wins KOC deal

KUWAIT CITY, March 12: Technology Industrial Gases Production Company (TechnoGAS) has declared that it has signed a six-year contract worth KD 1.16 million with a contractor of Kuwait Oil Company (KOC) for the supply of nitrogen and industrial gases to the northern and eastern fields of KOC, reports Al-Rai daily.

Director"... Continue Reading

Oil market balances between supply and demand mid-years: NBK Capital

March 13, 2019

Oil market balances between supply and demand mid-years: NBK Capital

KUWAIT: International oil prices held stable from beginning January to beginning February 2019, affected by concerns regarding a slowing global economy, reports the NBK Capital World Energy Outlook 2019. Doubts regarding the ongoing US-China trade dispute, in addition to the possible return of Libyan supplies to world markets are also impacting price.

Oil"... Continue Reading

Kuwait backs efforts to stabilize oil market

March 13, 2019

Kuwait backs efforts to stabilize oil market

Kuwait supports international efforts aimed at restoring balance and stability to the global oil market in a manner that serves common interests of crude exporting and importing countries, a senior official has affirmed.

It devotes great concern to petroleum industries, in general, and downstream sector in particular, said the"... Continue Reading

Kuwait oil minister: Oil prices are good for producers, consumers

March 11, 2019

Kuwait oil minister: Oil prices are good for producers, consumers

  • Kuwaiti newspaper Al-Rai reported the statement
  • It cited Al-Fadhil saying “current oil prices are good for producers and consumers”

CAIRO: Kuwait’s Oil Minister Khalid Al-Fadhil said current oil prices are good for producers and consumers, Kuwaiti newspaper Al-Rai reported on Sunday.

... Continue Reading

Study to add energy-saving lighting to subsidized materials completed

March 11, 2019

Study to add energy-saving lighting to subsidized materials completed

KUWAIT CITY, March 10: The Ministry of Commerce and Industry (MoCI) has completed the study of adding energy-saving lighting to the subsidized materials for the beneficiaries of the construction materials, expecting that the product will be provided in the list of subsidized materials during the next two months according to international standards and standards for the provision of energy, reports Al- Qabas"... Continue Reading

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