Gulf Oil and Gas accountACCOUNT

KPC Set to Sign Contracts Worth USD 5 Bln

Source: KUNA 2/15/2012, Location: Middle East

Share |
Kuwait Petroleum Corporation (KPC) is set to sign agreements and contracts with international firms worth a total USD 5 billion over the next two days. The state-run oil company signed a contract to provide 20,000 barrels of crude and 300,000 tonnes of liquefied gas to a Thai firm on a daily basis, Managing Director of Global Marketing, Naser Al-Mudhaf said in statements to the press.

KPC also signed a contract to provide a daily 200,000 tonnes of liquefied gas, subject to increase, to Indian-owned Bharat Petroleum and another worth over USD 2.5 billion with Indonesia's Petromina. Al-Mudhaf expected more contracts to follow in the coming period, noting to the renewal of an important contract with a Chinese firm.

A golf competition he was attending here, is a great chance to meet representatives of some 70 oil companies, present at the KPC-hosted tournament, he said. Meanwhile, KPC Chief Executive Farouq Al-Zanki revealed talks were being arranged, over the next couple of days, to discuss joint projects between the Kuwaiti company and others from China and Vietnam.

Crude Oil News in Kuwait >>

Kuwait >>  11/15/2017 - With a double-digit million euro volume, MAN Diesel & Turbo has won an order for nine compressor trains for the state-owned Kuwait Oil Company (KOC). ...
Saudi Arabia >>  11/14/2017 - Last week, the WTI benchmark rose $2 to more than US$57 per barrel — its highest level since mid-2015. While OPEC and other contributing non-OPEC memb...

Oman >>  11/9/2017 - Tethys Oil will be awarded a new exploration license by the Ministry of Oil and Gas of the Sultanate of Oman. Block 49 is an onshore block that covers...
Saudi Arabia >>  11/9/2017 - Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sust...

United Arab Emirates >>  11/2/2017 - ABB AbilityTM Electrical Distribution Control System delivers key data to shape next-generation solar power for the city. ...
United Arab Emirates >>  11/1/2017 - McDermott International, Inc. Announced a letter of award for a significant* contract for the engineering, procurement, construction and installation ...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Kuwait Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

 

Oil & Gas Companies in Kuwait >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.