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Kuwait announced Wednesday non-Kuwaitis will no longer be hired in the Gulf country’s Kuwait Petroleum Corporation (KPC) and its subsidiaries for the remainder of the year till next year. Minister of Oil, Acting Minister of Electricity and Water, Khaled Al-Fadhel, Read more
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
The fiscal year of 2011 has ended at a record high for the Kuwait petroleum Corporation (KPC) with all the challenges that the world’s economy is facing. It achieved a profit on one billion dinars ($3.58 billion) during the 2011 Read more