Kuwait Oil Company | Al Bawaba

Kuwait Oil Company latest

The most important challenges facing the KOC are to achieve the set goals and the need for a large number of drilling platforms in preparation for future projects. (Shutterstock)

December 30th, 2018 - 08:35 GMT

Kuwait Aims for 3.65 Million Bpd of Light Crude Production for 2023

Kuwait’s production of light crude currently stands at 180,000 barrels a day

On April 1, Kuwait closed the Shuaiba refinery, one of the oldest oil facilities in the region. (File photo)

April 4th, 2017 - 06:59 GMT

British firm lands $1.3B oil project in Kuwait

Yesterday’s protest followed a three-day strike over a new payroll system by national oil and gas workers last April. (AFP/File)

January 19th, 2017 - 10:00 GMT

Kuwait Oil Company workers protest plans for privatization

Kuwait awarded KD570 million ($1.7 billion) worth of construction projects in the first half of 2016. (File photo)

July 24th, 2016 - 12:30 GMT

Kuwait set to award $27B contracts this year

The country’s ceding to the union’s demands will be a blow to plans to include up to 20,000 oil workers under its new public payroll system as low oil prices hit coffers. (AFP/File)

May 24th, 2016 - 09:00 GMT

Kuwait caves in to striking oil workers' salary demands

Oil exports were not affected by the strike action. (AFP/File)

April 26th, 2016 - 04:13 GMT

Kuwait suffered up to $200M in losses due to oil strike

Kuwaiti oil workers at the union headquarters in Al-Ahmadi, 35 km south of Kuwait city. (AFP/File)

April 19th, 2016 - 01:00 GMT

Kuwait oil workers strike cripples 60 percent of production

Kuwait is introducing a new payroll scheme for all public employees and wants to include the country’s 20,000 oil workers. (File photo)

April 17th, 2016 - 08:39 GMT

Kuwait's ministry takes 'preventative measures' as oil workers strike

Al Bawaba

August 19th, 2015 - 06:11 GMT

Kuwait awards $28 billion worth of contracts this year

Some of the possible company targets include Kuwait Oil Company, Petroleum Development Oman, Qatar Petroleum, Saudi Aramco, ADNOC, ENOC and Bahrain Petroleum Company.

June 17th, 2014 - 11:12 GMT

Done with Israel? Anonymous threatens to hack Gulf oil companies over use of US dollars

The secretary-general of the Kuwaiti liaison commission for environmental rehabilitation, said that the Kuwaiti compensation claims, according to UN resolution 258, cover six restoration ventures.

December 5th, 2013 - 03:55 GMT

A totally green economy otherwise? Kuwait to receive $744 million in compensation for environmental damage caused by 1990 Iraqi invasion

With the discovery of oil and gas off its shore, Lebanon has the potential to become like the Gulf – but it will need to do a lot of work to get its infrastructure up to par, industry experts say.

September 25th, 2013 - 09:13 GMT

With its recent oil discovery, will Lebanon become more like the Gulf?

Kuwait has announced it is conducting studies into the viability of extracting shale gas from recently identified reserves, although any commercial operation will likely be many years off.

September 22nd, 2013 - 01:10 GMT

Is Kuwait going to jump on the shale bandwagon?