KIPIC: we hastily supplied KOC with needed LNG

KUWAIT, The Kuwait Integrated Petroleum Industries Company (KIPIC) has hastily provided liquefied natural gas (LNG) needed to the Kuwait Oil Company (KOC) to fill the shortage caused by temporary cut of today’s supply, Ali Al-Ajmi, KIPIC spokesman and…

Lebanon’s main power plant out of fuel, power shutdown

BEIRUT, Lebanon Public Institution for Electricity “Electricite du Liban” (EDL) announced on Saturday that the last remaining production unit of the Zahrani Power Plant was forcibly shut down due to the complete depletion of the plant’s gas oil reserv…

Kuwait oil price up to USD 80.31 pb

KUWAIT, The price of Kuwaiti oil went up 39 cents to reach USD 80.31 per barrel on Friday, compared to USD 79.92 pb the day before, according to Kuwait Petroleum Corporation (KPC) on Saturday.

On the global scale, the Brent crude futures’ contracts w…