Tuesday 21 October 2014
 
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petroleum

Kuwait petchem firm launches $1bn loan

Kuwait Foreign Petroleum Exploration Company (Kufpec), a wholly-owned subsidiary of Kuwait Petroleum Corp, has launched a $1-billion loan into syndication, said bankers. The deal is being led by a consortium of international and l

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Petroleum producers ‘shift attention from Mideast’

Following four decades of war, sanctions, nationalisation and unrest, oil and gas producers are gradually adjusting to rely less on the Middle East. The countries around the Gulf and on the Arabian Peninsula still contain the grea

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Egypt launches new tender to import energy products

Egypt has launched a tender to import hundreds of thousands of tonnes of petroleum products in the third quarter of 2014, an energy official said, as the country tries to stave off a summer energy crisis. Egypt's government wa

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5 SKorea firms win $7.2bn Kuwait refinery orders

Five South Korean companies have won a combined $7.2 billion in orders from Kuwait National Petroleum Company to expand capacity and improve environmental standards at two oil refineries.   The contracts, which s

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Shell sells Italian retail business to KPI

Anglo-Dutch oil and gas major Shell said it has agreed to sell its Italian retail and aviation business to Kuwait Petroleum International (KPI). "The sale is consistent with Shell's strategy to concentrate Shell's dow

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Saudi Arabia to give $4bn more to Egypt

Saudi Arabia is expected to give Egypt up to $4 billion in additional aid in the form of central bank deposits and petroleum products, state-run Egyptian newspaper Al Ahram reported on Thursday. Citing an unnamed ministerial sourc

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Top oil, gas event to open in Abu Dhabi

The region’s biggest and most important gas and oil event, the Abu Dhabi International Petroleum Exhibition and Conference (Adipec), gets underway in Abu Dhabi on Sunday (November 10). An annual event for the first time in i

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GE to showcase advanced technologies at Adipec

GE Oil & Gas is putting the spotlight on advanced technologies to promote the operational efficiency of the energy sector, and on promoting youth industry engagement to create a local talent pool of professionals at the Abu Dhabi Internation

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Q8 issues first sustainability report

Kuwait Petroleum International (Q8), the international marketing arm of the Kuwait Petroleum Corporation, has issued its first sustainability report for the year 2012-2013. The Q8 Corporate Sustainability Report (CSR) was prepared

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GCC exports to Korea top $98bn

The GCC led by regional giant Saudi Arabia is the world's largest exporter to South Korea delivering goods worth over $98 billion in the 12 months prior to July 2013, said a report. The trade comprised nearly 20 per cent of So

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