Kuwait’s KPC to double tanker fleet
Kuwait The announcement was made at the Middle East Petroleum and Gas conference in Abu Dhabi on Monday by KPC CEO Nizar Al Adsani.
“To service KPC’s international marketing trade requirements, we will expand our fleet, especially for product carriers,” Adsani told delegates at the conference.
Kuwait’s state-owned oil companies currently own 28 tankers, including 12 designed to transport crude oil, 10 for oil products and four LPG carriers.
The planned additions include two crude tankers by 2021 and four additional crude tankers by 2040, as well as 11 oil products tankers and an LPG carrier.
Recent Posts
UK allows oil exploration in North Sea wind project zones
The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More
ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse
ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More
BP-Eni joint venture Azule Energy enters Namibia’s Orange Basin
BP-Eni joint venture Azule Energy has entered a strategic farm-in agreement with Rhino Resources in Namibia's offshore Orange Basin, the… Read More
Chariot starts gas drilling campaign in Morocco
Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More
Touchstone acquires Trinidad E&P player Trinity
Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More
ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG
ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More