Why Latest US Sanctions on Russian Oil Are a Big Deal
In the final days of Joe Biden’s presidency, the US unveiled its most sweeping and aggressive effort yet to disrupt the oil ...
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Kuwait to spend $30bn to increase oil output by 40%
Kuwait is planning to expand its oil production capacity by up to 40 percent, despite a bearish outlook for global demand and ...
BP, Iraq set to sign massive Kirkuk oil and gas deal, oil minister says
BP and Iraq will sign a major deal for Kirkuk oil fields, aiming to increase production by 150K bbl/day with a more favorable ...
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Oman, Kuwait to forge ties with multiple new projects
The volume of investment and direct trade exchange between Kuwait and Oman reached 1.26 billion Omani riyals in 2023, while ...
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Kuwait’s Heisco secures $129mln credit facilities deal
Kuwait-listed Heavy Engineering Industries & Shipbuilding Co. (Heisco) has secured a new credit facilities agreement for up ...
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China Expands Operations Across Iraq’s Huge West Qurna 1 Oil Field
Ahead of the imminent start of Trump’s second term as president, Beijing has been adding to its existing base of assets in ...
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Today In Kuwait's History
2018 -- Kuwait Oil Company (KOC) launched Al-Sabriya oil and Jurassic gas projects north of the country. 2018 -- Kuwait Health Ministry announced the success of the first artificial heart transplant ...