KNPC

The reasons of oil spill in Guld are unknown

Kuwait - Muslimchronicle

Kuwait will finish cleaning up a crude oil spill in the country's southern waters in the Gulf this week, a Kuwaiti newspaper report said on Sunday, quoting the country's oil minister. Essam al-Marzouq said in a press statement that no more patches of oil have been found and that Kuwait was working on clearing up those near the shore. HeRead more

KNPC mandates banks for club loan

Dubai - Arab Today

Kuwait National Petroleum Co. (KNPC) has selected 10 international banks to provide a loan facility of more than $4 billion to back its clean fuels project, banking sources said. The loan, which has guarantees from various countries’ export credit agencies, is expected to include the participation of BBVA, BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, Credit Agricole CIB, HSBC, Mizuho, Natixis,Read more

Kuwait refiner to finalize $5bn-plus loan by Q1 2017

Kuwait City - Arab Today

Kuwait National Petroleum Co. (KNPC) expects to finalize a loan of well over $5 billion to finance its Clean Fuels project by the end of the first quarter of next year, sources involved in the project said. The refiner had originally said it planned to complete the fundraising, one of the world’s largest-ever loans backed by export credit agencies, thisRead more

Total investment until 2022 amounts to KD 12.630 bn

Kuwait - WAM

Kuwait National Petroleum Corporation's (KNPC) total investment until the year 2022 amounts to KD 12.630 billion, deputy director of the company's projects Abdullah Al-Ajmi said on Wednesday, adding the investments include various key projects. In a statement to the press on the sidelines of a seminar organized by an oil committee, Al-Ajmi said that the sum allocated for the company'sRead more

Kuwait's daily oil output jumps to 1.5 million barrels

Kuwait - WAM

Kuwait's oil facilities' average daily production has surged to 1.5 million barrel, according to Oil Sector spokesman. Sheikh Talal Al-Khaled was quoted by KUNA as saying in a press statement that Kuwait Oil Company (KOC) is racing against time to resume operation of oil collection centers No. 21 and 24 to return the state's oil and gas production back toRead more

Kuwait imported gas project to cost USD 2.9 bn

Kuwait - WAM

Kuwait National Petroleum Company (KNPC) announced on Wednesday that establishment of facilities for imported liquefied natural gas in Al-Zor would cost up to USD 2.9 bn. The KNPC Chief Executive Officer, Mohammad Al-Mutairi, speaking at a news conference, after signing a contract for launching the mega project, said the overall cost is projected at USD 142 m for engineering, USDRead more