Crude Oil: News for Oil & Gas and Hydrocarbon Industries  Membership Services Ľ
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

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 >>

Middle East Oil Demand in April 2014
Saudi Arabia >>  4/16/2014 - In the Middle East, oil demand is anticipated to continue growing in 2014 at a stable rate, increasing by 0.31 mb/d above the 2013 total consumption l...
Iraq Approves $588.8m Oilfield Contract for Daewoo
Iraq >>  4/15/2014 - Iraq's cabinet approved an $588.8 million oilfield service contract with South Korea's Daewoo Engineering & Construction for the development of the Zu...

Kuwait to Award $4.3 bln Contract for Heavy Oil Project
Kuwait >>  4/15/2014 - Kuwait plans to award a 1.2 billion dinar ($4.3 billion) contract later this year for the first phase of a project to produce heavy oil at its norther...
Middle East Oil Supply in April 2014
Oman >>  4/14/2014 - The Middle Eastís oil supply is estimated to decrease by 0.12 mb/d in 2013 from one year earlier to average 1.35 mb/d, remaining unchanged from the pr...

Samsung Engineering Signs $3.8b EPC Contract in Kuwait
Kuwait >>  4/13/2014 - Samsung Engineering Co., Ltd, the first and largest engineering company in Korea, entered Kuwait with the KNPC Clean Fuels Project (CFP) worth 3.8 bil...
Technip Awarded FEED Contract in Basra
Iraq >>  4/10/2014 - Technip, in partnership with China HuanQiu Contracting & Engineering Corporation (HQC), was awarded by Basra Gas Company (BGC*), a front-end engineeri...



Related Categories: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  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  Propane  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 |


More News

Oil & Gas Companies in Kuwait >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us