Company Insights Kuwait Petroleum Corporation Oil & Gas Kuwait Petroleum Corporation News Oil & Gas Kuwait’s Al Zour refinery increases capacity by 50% State-owned Kuwait Integrated Petroleum Industries Company (Kipic) said that the third and final unit at the Al Zour refinery is now operational. The plant is now fully operational and refining will reach full capacity of 615,000 barrels per day (bpd), up from 410,000 bpd, the oil company said in a statement. Kipic CEO Walid Al-Bader […] December 4, 2023 Oil & Gas Kuwaiti oil producer’s profit hits 10-year high at $8.4bn State-owned Kuwait Petroleum Corporation (KPC) and its subsidiaries have reported the highest net profit for a decade. Profits for 2022 to 2023 reached 2.6 billion Kuwaiti dinars ($8.4 billion). KPC increased its oil production capacity by 200,000 barrels per day (bpd) to 2.8 million bpd in the same period, state-run Kuwait News Agency reported, citing […] July 31, 2023 Oil & Gas Saudi and Kuwait reassert claims to Durra oil field Both Saudi Arabia and Kuwait have made renewed claims that they own the disputed Durra offshore oil and gas field. The state news agencies of each country cited unidentified government sources saying they are the sole owners. The statements reignited a decades-old quarrel with Iran, which also asserts sovereignty over part of the area. Saudi’s […] July 5, 2023 Banking and Finance Kuwait records 85.5% jump in trade with Japan Kuwait’s trade surplus with Japan has increased by 85.5 percent in the past year to JPY110.3 billion ($823 million) in January, according to government data. Overall exports from Kuwait to Japan surged 81.2 percent year on year to JPY126.5 billion for the 22nd consecutive month of expansion. Imports from Japan also soared 56.4 percent to […] February 20, 2023 Energy Kuwait exports first shipment of aviation fuel from Al-Zour refinery Kuwait Petroleum Corporation has exported its first shipment of aviation jet fuel from the Al-Zour refinery, state-owned Kuwait News Agency (KUNA) reported, citing a company statement. The first cargo is shipped aboard the Pacific Sarah tanker in collaboration with Kuwait Integrated Petroleum Industries Company (KIPIC). The company and its subsidiaries are continuously working to meet […] November 28, 2022 Energy Kuwait’s oil output at over 2.8m bpd, ready to boost production National oil major Kuwait Petroleum Corporation’s (KPC) chief executive said that the Gulf state currently produces more than 2.8 million barrels per day of oil as per its OPEC quota, according to a Reuters report. The country plans to boost crude oil production whenever the market needs it, Sheikh Nawaf Saud Al-Sabah added. Kuwait produces […] September 19, 2022 Energy Kuwait increases oil output to ensure market stability Kuwait has increased its crude oil production to match its 2.811 million barrels per day quota under the OPEC+ agreement, state news agency KUNA reported citing Dr. Mohammad Al Faris, Kuwait Deputy Prime Minister and Minister of Oil. The increased production follows announcements made by Kuwait Petroleum Corporation that it is bringing on line investments […] August 25, 2022 Opinion Energy OPEC’s minor production increase was the only viable option The fact that OPEC is running out of spare capacity in a constrained market is another concerning factor August 5, 2022 Analysis Banking and Finance Gulf SWFs are back on a roll but beware Russian ties Buoyant oil prices are keeping Gulf treasuries full following the pandemic The past few years may have been decidedly mixed for Gulf sovereign wealth funds (SWFs), but with a recent surge in oil prices and lockdowns ending the pressure is now easing. During the Covid-19 pandemic many funds found their reserves heavily depleted by governments […] May 31, 2022 Posts navigation Previous 1 … 3 4
Oil & Gas Kuwait’s Al Zour refinery increases capacity by 50% State-owned Kuwait Integrated Petroleum Industries Company (Kipic) said that the third and final unit at the Al Zour refinery is now operational. The plant is now fully operational and refining will reach full capacity of 615,000 barrels per day (bpd), up from 410,000 bpd, the oil company said in a statement. Kipic CEO Walid Al-Bader […] December 4, 2023
Oil & Gas Kuwaiti oil producer’s profit hits 10-year high at $8.4bn State-owned Kuwait Petroleum Corporation (KPC) and its subsidiaries have reported the highest net profit for a decade. Profits for 2022 to 2023 reached 2.6 billion Kuwaiti dinars ($8.4 billion). KPC increased its oil production capacity by 200,000 barrels per day (bpd) to 2.8 million bpd in the same period, state-run Kuwait News Agency reported, citing […] July 31, 2023
Oil & Gas Saudi and Kuwait reassert claims to Durra oil field Both Saudi Arabia and Kuwait have made renewed claims that they own the disputed Durra offshore oil and gas field. The state news agencies of each country cited unidentified government sources saying they are the sole owners. The statements reignited a decades-old quarrel with Iran, which also asserts sovereignty over part of the area. Saudi’s […] July 5, 2023
Banking and Finance Kuwait records 85.5% jump in trade with Japan Kuwait’s trade surplus with Japan has increased by 85.5 percent in the past year to JPY110.3 billion ($823 million) in January, according to government data. Overall exports from Kuwait to Japan surged 81.2 percent year on year to JPY126.5 billion for the 22nd consecutive month of expansion. Imports from Japan also soared 56.4 percent to […] February 20, 2023
Energy Kuwait exports first shipment of aviation fuel from Al-Zour refinery Kuwait Petroleum Corporation has exported its first shipment of aviation jet fuel from the Al-Zour refinery, state-owned Kuwait News Agency (KUNA) reported, citing a company statement. The first cargo is shipped aboard the Pacific Sarah tanker in collaboration with Kuwait Integrated Petroleum Industries Company (KIPIC). The company and its subsidiaries are continuously working to meet […] November 28, 2022
Energy Kuwait’s oil output at over 2.8m bpd, ready to boost production National oil major Kuwait Petroleum Corporation’s (KPC) chief executive said that the Gulf state currently produces more than 2.8 million barrels per day of oil as per its OPEC quota, according to a Reuters report. The country plans to boost crude oil production whenever the market needs it, Sheikh Nawaf Saud Al-Sabah added. Kuwait produces […] September 19, 2022
Energy Kuwait increases oil output to ensure market stability Kuwait has increased its crude oil production to match its 2.811 million barrels per day quota under the OPEC+ agreement, state news agency KUNA reported citing Dr. Mohammad Al Faris, Kuwait Deputy Prime Minister and Minister of Oil. The increased production follows announcements made by Kuwait Petroleum Corporation that it is bringing on line investments […] August 25, 2022
Opinion Energy OPEC’s minor production increase was the only viable option The fact that OPEC is running out of spare capacity in a constrained market is another concerning factor August 5, 2022
Analysis Banking and Finance Gulf SWFs are back on a roll but beware Russian ties Buoyant oil prices are keeping Gulf treasuries full following the pandemic The past few years may have been decidedly mixed for Gulf sovereign wealth funds (SWFs), but with a recent surge in oil prices and lockdowns ending the pressure is now easing. During the Covid-19 pandemic many funds found their reserves heavily depleted by governments […] May 31, 2022
