Nabil Bouresli, managing director of international marketing at state-run Kuwait Petroleum, said new contracts were expected to be signed with a number of European companies “with good prices and in large volumes.”
The move is a strong sign that <a href=’https://theenergyyear.com/companies-institutions/opec/’>OPEC producers will not give up defending their market share.
Kuwait Petroleum has begun preparations to sell its Europoort refinery in the Netherlands, CEO of Kuwait Petroleum Nizar Al Adsani said the same day. With the gained equity, the firm will set up a subsidiary to manage integration of its new Al Zour refinery with a petrochemicals factory and LNG facilities. The project is expected to be able to process 615,000 bopd.
For more news and features on the oil and gas industry in Kuwait, click here.
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
This website uses cookies.