KPC posts bumper profits
The oil firm and its subsidiaries posted a net profit of US$8.4bn.
Fearing a decline in demand amidst global slowdown, Kuwait may raise exports of oil derivatives to Europe
The Gulf country expects the average amount of oil production to increase to 2,701,000 barrels this year, the latest Institute of International Finance report points out.
Kuwait Oil Co to hike output
KOC plans to hike capacity to 3.2 million bpd by 2025.
UN commission pays $600 million to Kuwait oil firm for Iraq invasion losses
The UN Compensation Commission is to pay another $1.1 billion to the Kuwait Petroleum Company as compensation.
