Kuwait: State-owned Kufpec applies for $1.1-bn international loan for operation expansion

Kuwait Foreign Petroleum Exploration Company (Kufpec) Tuesday announced it reached agreement with five international banks for $1.1-billion loan earmarked for the expansion of oil and gas operations. According the company’s CEO Sheikh Nawaf al-Sabah, with the financial support, the Kupec Read more

Gas Imports: We are “interdependent”, EU tells Algeria

Algeria’s energy minister, Nourredine Boutarfa, met with European Union’s Climate and Energy Commissioner Miguel Arias Canete in Brussels to discuss energy matters with the latter assuring that Europe “will remain the main customer for Algeria” even though most long-term gas Read more