The company plans to allocate $110bn towards its 2050 net zero strategy, focusing on carbon capture and solar power initiatives. "Kuwait Petroleum plans $33bn investment to increase oil production ...

Kuwait has approved a new financing and liquidity law, enabling it to borrow up to $97.3 billion to fund projects aimed at ...

Kuwait Oil Company (KOC), a KPC subsidiary, has already made significant strides with the discovery of two new fields: the 74-square-kilometer Al-Jlaiaa field, revealed in January, and the promising ...

The National Iranian Oil Company (NIOC) was established in 1948 and is owned by the government of Iran. It is a member of OPEC. Headquartered in Tehran, Iran, NIOC was first called the Anglo Persian ...

Oil Minister Tariq Al-Roumi has stressed the need to Kuwaitize the oil sector in the coming years, particularly since the ...

KUWAIT: Kuwait crude oil price dropped by USD 2.94 to reach USD 73.19 per barrel on Tuesday vis a vis USD 76.13 pb on Monday, Kuwait Petroleum Corporation said on Wednesday. In international markets, ...

This is a locator map for the Gulf Cooperation Council member states: Saudi Arabia, Bahrain, Qatar, Oman, Kuwait and United Arab Emirates. (AP Photo) ...

Chairman and Managing Director of Kuwait Oil Company. Malcolm Brinded, Executive Director of Upstream International at Shell. After signing the MOU on behalf of Shell companies, Mr. Brinded said ...