This investment is part of a broader plan to invest Kd9.8bn ($31.9bn) in drilling and maintaining up to 6,193 wells by the ...

Kuwait Oil Company plans to invest $3.9 billion in exploration drilling by 2030 as part of a record $32 billion drilling and ...

KPC sold crude, including Kuwait Heavy Crude and Eocene grade, for prompt delivery to Asian buyers via rare tenders, the ...

KUWAIT CITY, Oct 29: The Kuwait Oil Company (KOC) will invest 1.2 billion Kuwaiti dinars ($3.92 billion) in its exploration ...

State-owned Kuwait Petroleum Corporation has offered additional heavy crude for prompt loading in November, two trade sources said, following an unplanned outage at its Al Zour refinery.

Kuwait Petroleum Corporation CEO Al-Sabah: Global oil demand looks robust. Al-Sabah: U.S. shale production has helped meet part of the recent growth in world oil consumption. As part of the voluntary ...

To free up cash, the oil giants have been cutting costs. Exxon recently announced it would reduce its workforce by 3-4%.

Kuwait's oil export dynamics have undergone a transformation, shifting from crude oil to refined petroleum products. The shift is attributed to the expansion of the country’s refining capacity, ...

State-owned Kuwait Petroleum Corporation (KPC) has reported a decade-high net profit of 2.6 billion Kuwaiti dinars ($8.48 billion) for the financial year ended 31 March, chief executive Nawaf Saud ...

A fully loaded oil tanker has caught fire off the east coast of Sri Lanka, which has dispatched an aircraft and two navy ships to help in the rescue, a Sri Lankan navy spokesman said on Thursday.The ...

In the tender that closed on Thursday, KPC offered 800,000 barrels of Kuwait Heavy Crude for November 15-16 loading ...