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2014-04-18 18:15:00

KNPC AWARDS $7.2B

KNPC AWARDS $7.2B

Kuwait National Petroleum (KNPC) has awarded a combined $7.2bn contracts to five South Korean firms for increasing capacity and improve environmental standards at two oil refineries in the country.

As part of a joint venture with Hyundai Heavy Industries and Fluor, Daewoo Engineering & Construction has received an order for Mina Abdullah refinery, which is worth $1.13bn each for the three companies.

Samsung Engineering, along with Petrofac and Chicago Bridge & Iron, has secured a separate $1.62bn order for the same refinery, reports Reuters.

GS Engineering & Construction, SK Engineering & Construction and Japan's JGC have received an order for Mina Al-Ahmadi refinery.

According to GS Engineering and SK Engineering, the order for the refinery is worth about $1.66bn for each of the three companies.

energy-business-review.com

Tags: KUWAIT, KNPS, OIL
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KNPC AWARDS $7.2B September, 21, 10:55:00

RUSSIA'S OIL PRODUCTION: 11.3 MBD

KNPC AWARDS $7.2B September, 21, 10:45:00

UNEXPECTED OIL PRICES

KNPC AWARDS $7.2B September, 21, 10:40:00

OIL MARKET UNCERTAINTY

KNPC AWARDS $7.2B September, 21, 10:35:00

OPEC-NON-OPEC DECISIONS

KNPC AWARDS $7.2B September, 21, 10:30:00

U.S. CAPITAL EXPENDITURES UP

All Publications »

Chronicle:

KNPC AWARDS $7.2B
2018, September, 21, 10:25:00

U.S. ENERGY CASH: $119 BLN

U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18 Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014

KNPC AWARDS $7.2B
2018, September, 21, 10:20:00

WORLD OIL DEMAND: 100.23 MBD

OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.

KNPC AWARDS $7.2B
2018, September, 21, 10:15:00

IRAQ'S OIL: NO RECORD

ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.

KNPC AWARDS $7.2B
2018, September, 21, 10:10:00

NATURAL GAS EXPORT UP

PLATTS - The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.

All Publications »