Kuwaiti crude drops USD 5.07 to 101.07 pb
KUWAIT, Aug 6 (KUNA) -- The price of Kuwaiti crude oil dropped USD 5.07 to reach USD 101.07 per barrel (pb) on Friday, compared to USD 106.14 per barrel the day before, said Kuwait Petroleum Corporation (KPC) on Saturday.The decrease of oil price was due to the stability of the US dollar against major currencies.
This stability was a result of investors holding back on taking risks in the exchange market because of data and fears related to the future of the world's biggest economy. (end).
fnk.tb.
Kuwait Petroleum Corporation - News
KUWAIT, Aug 6 (KUNA) -- The price of Kuwaiti crude oil dropped USD 5.07 to reach USD 101.07 per barrel (pb) on Friday, compared to USD 106.14 per barrel the day before, said Kuwait Petroleum Corporation (KPC) on Saturday. The decrease of oil price was
KPC's backing gives Q8Aviation a unique fuel supply chain - 'safely from well head to wing tip' - strengthened by its investment in import facilities at major European ports. Q8Aviation was named Best Regional Marketer in Europe in the 2010 Armbrust
KUWAIT, Aug 1 (KUNA) -- Kuwait Petroleum Corporation will form a panel of investigation following reports issued by the Audit Bureau including remarks about suspected irregularities in the operations of marketing and supplying and distributing diesel
Kuwait Petroleum Corp., the state- owned oil company, completed the appointment of deputy chairmen in its subsidiary companies, Al-Rai reported, citing people familiar with the matter.
Formosa is in discussions with term crude suppliers such as Saudi Aramco and Kuwait Petroleum Corp to defer imports and is exploring different options such as temporary storage, trade sources said. The company is also in talks with Chinese Petroleum
Media Lens Message Board: Two entirely "unrelated" storied ...
...BP about to spend a large amount of money for hydrocarbons locked under 5km of Omani mountain range...right next door to Saudi Arabia...
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http://www.kuwaittimes.net/read_news.php?newsid=MzMwNjI5NTI0NQ==
Iran conducting seismic scans in Kuwaiti waters
Published Date: July 31, 2011
KUWAIT: Iranian geologists have been trespassing into Kuwait's territorial waters to conduct seismic scans in the Durra and Lulu offshore oil fields, according to a senior Kuwaiti oil sector official.
Speaking on condition of anonymity, the official said that Kuwaiti authorities are aware of the Iranian scientists' intrusion into Kuwaiti waters, "which happen at least once a month," suggesting that the scans aim to assess the oilfields' reserves.
The Iranians' incursions into these areas "violate the privacy of work on the fields' premises," the official asserted, warning that the information gained during these trips "could be used to put pressure on Kuwait to share the fields with Iran.
Kuwait's state oil company, the Kuwait Petroleum Corporation (KPC), plans to utilize the offshore fields as part of its current five-year plan, which concludes at the end of 2013, the official explained, adding that Kuwait already spent more than $40 million on seismic scans and other procedures in the two fields prior to beginning the drilling process."
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http://www.businessinsider.com/bp-gas-field-oman-2011-7
BP To Spend $15 Billion For Gas Trapped Under 5KM Of Rock In Oman
Vincent Trivett | Jul. 20, 2011, 12:18 PM
Oman, the Gulf's least developed state, is set for a major gas development project that will increase the country's gas production by 40%.
The Khazzan and Makarem Gas Fields hold an estimated 30 trillion cubic feet of gas, the biggest field in Oman. According to Bloomberg News, British Petroleum plans to invest $15 billion over at least a decade to develop the field, and hopes to produce 1-1.2 billion cubic feet of gas per day from the fields.
Oman has been mostly left out of the bonanza of demand for natural gas in Asia that followed from the uncertainty over nuclear power. Unlike Qatar's, Oman's natural gas is tight gas, natural gas that is held in rock pores that could be as much as 20,000 times smaller than a human hair. Furhter complicating matters, the tight gas is buried under 5,000 meters of nearly impermeable rock.
RT @: KPC forms panel following Audit Bureau remarks: KUWAIT, Aug 1 (KUNA) -- Kuwait Petroleum Corporation will form a... 
KPC forms panel following Audit Bureau remarks: KUWAIT, Aug 1 (KUNA) -- Kuwait Petroleum Corporation will form a... Kuwait Petroleum Corporation - Bookshelf
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