In January 2024, Khaled Al-Sabah, CEO of Kuwait Petroleum Corporation (KPC), unveiled an ambitious $30 billion investment plan aimed at boosting the emirate’s oil production capacity by 40%. The ...

Kuwait’s plan to merge some of its eight state-owned oil companies is ready to go ahead, according to reports in the country. Kuwait Petroleum Corporation (KPC), which manages the country’s ...

Kuwait Oil Company has signed agreements with leading global energy majors Baker Hughes, SLP Oilfield Services, Weatherford International, Halliburton Company and the National Energy Services Reunited ...

and CEO of Kuwait Oil Tanker Company, told an energy conference last week that the Gulf state plans to invest about $30 billion to increase output from 2.8 million barrels per day (bpd ...

Flights to the small, oil-rich ... media in Kuwait reported the disruption, blaming “technical issues.” The state-run KUNA news agency and state television did not immediately acknowledge the issue, ...