Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

KNPC exports first shipment of 95 octane motor fuel to Europe

gaza, israel, oil, crude
Oil derrick at work. (AFP)
  • The deputy CEO of the company said that the first shipment was loaded on board the oil tanker Pacific Sarah from Mina Al-Ahmadi
  • He said the shipment was dispatched in close cooperation and coordination with Kuwait Petroleum Corporation's international marketing sector

Kuwait City, Kuwait–The Kuwait National Petroleum Company (KNPC) has exported the first shipment of 95 octane motor fuel and low-sulfur to European markets.

Ghanim Al-Otaibi, the deputy CEO of Fuel Supply Operations and official spokesman for KNPC, said that the volume of the shipment that was exported from Mina Al-Ahmadi amounted to 35,000 tons, and it was loaded on board the oil tanker Pacific Sarah.

“The export of this shipment was carried out in cooperation and coordination with Kuwait Petroleum Corporation’s international marketing sector after the company had been able to meet the entire local market’s need for this product,” he added.

The company has been able, since operating the clean fuel project in March 2022, to achieve profitable additional financial returns from selling its products that conform to international standards approved in the European and American markets, he pointed out.

Selling products that conform to international standards enhances the company’s profitability and contributes to supporting the national economy, especially with the growing global demand for environmentally friendly oil products, he stated.