Recently added articles from APS Review Oil Market Trends:
Kuwait - Part 4 - Trans-National Upstream Operations Keep Expanding.
Jun 22, 2009 ... State-owned Kuwait Petroleum Corp (KPC) is to keep boosting its trans-national system. Its overseas E&P arm, Kuwait Foreign Petroleum Exploration Co. (KUFPEC), is to raise its net share of oil and gas output from 55,000 b/d of crude oil equivalent (down from 62,000 b/doe in 2007) to ...
The Global Perspective.
Jun 22, 2009 ... The global economy now is gripped with an inflationary cycle as the US keeps printing more dollars to cope with a world recession. This and its effects are creating un-natural situations, such as signs of artificial recovery. But it is a much better alternative to deflation which would ...
Kuwaiti Overseas Investments.
Jun 22, 2009 ... In parallel to KPC's trans-national system are three Kuwaiti state investment arms: the Finance Ministry's Kuwait Investment Authority (KIA), which is the parent for the London-based Kuwait Investment Office (KIO), the Reserve Fund for Future Generations and the State General Reserve ....
KUFPEC Focus On North Africa & Asia/Pacific.
Jun 22, 2009 ... In the late 1980s, there was talk that KPC would integrate about 7m t/y of overseas petrochemical capacities into its system and that it would need 2.5 BCF/d of gas to feed them. KUFPEC's stakes in Algeria, Egypt and Tunisia were to help increase its share of natural gas production in ...
Kuwait - Part 3 - The Exports & Logistics.
Jun 15, 2009 ... Kuwait's exports of crude oil and petroleum products since the beginning of June have averaged about 1.84m b/d, down from 2.36m b/d in June 2007, compared to 2.34m b/d in June 2005 and 1.871m b/d in June 2003. Its crude oil output averages 2.26m b/d and its OPEC quota is 2.222m b/d ....
The Global Perspective For Petroleum & OPEC's Position.
Jun 15, 2009 ... The NYMEX week on June 12 ended with paper WTI for July closing at just over $72/b, hitting $73.23 on June 11 the highest level since October. Paper Brent for July fell 59 cents to $71.20/b, after touching 72.27 the previous day. In its monthly report, OPEC on June 12 said the worst of ...
Russia Sees WTI At $150/B; But Kuwait For Moderate Prices.
Jun 15, 2009 ... Russian Deputy PM for energy Igor Sechin on June 5 warned that paper WTI could soar to $150/b if the global economic crisis continued to curb investment in capacity by top producers. He said Russia's crude oil output could be hit unless borrowing costs fell for its energy giants and called ...
Kuwait - $100/B WTI Will Fuel Inflation & Worsen Recession.
Jun 15, 2009 ... Kuwaiti Oil Minister Shaikh Ahmad says a price range of $50-$75/b for paper WTI is "acceptable" given current market conditions, but a return to $100/b would harm the global economy and fuel inflation and worsen the recession, noting: "The markets are currently driven by sentiments [in oil ...
Iran's China Unit Battles For Market Share.
Jun 15, 2009 ... The state-owned National Iranian Oil Co. (NIOC) has set up its first Beijing office to push for crude oil sales in China - the world's second oil. But the world's No. 4 crude oil exporter will have a tough job boosting volumes sharply in the absence of a refinery in China which can process ...
Kuwaiti Export Capacity Expanding.
Jun 15, 2009 ... An expansion of oil storage facilities and other logistics at Mina al-Ahmadi in 2008 gave KPC the capacity to export up to 3m b/d of crude oils. The $1.5 bn exports and storage facility at Mina al-Ahmadi was built by Huyndai Heavy Industries of South Korea under a contract awarded ...
KPC - Marketing.
Jun 15, 2009 ... With a flexible sales system and pricing, KPC has had no problem in its marketing of crude oil and petroleum products on both side of Suez. KPC has a stable relationship with term clients. Oil products marketing is done partly with the aim of KPC buying downstream assets in countries where ...
Kuwait - The Logistics.
Jun 15, 2009 ... Kuwait has the capacity to export up to 3m b/d of crude oil and up to 800,000 b/d of petroleum products out of its terminals. Before Iraq's August 1990 invasion, Kuwaiti terminals had the capacity to load over 3m b/d of crude oil and almost 800,000 b/d of refined products. This will be ...
Kuwait - Part 2 - Profiles Of The Oilfields.
Jun 08, 2009 ... Kuwait Oil Co. (KOC) Chairman and CEO Sami al-Rushaid on June 1 told an energy conference that Kuwait's crude oil production capacity now was 3m b/d, and not 2.7m b/d as had been indicated since 2007. He said KOC, the local E&P unit of the state-owned Kuwait Petroleum Corp (KPC), had not ...
Kuwait - Contract Terms.
Jun 08, 2009 ... In March 2007, KOC announced details of its enhanced lump-sum turnkey (LSTK) contract which it planned to use for all projects. Key changes included contracts providing for provisional sums where the nature and extent of the work could not be properly defined at the tender stage. A board ...
Kuwait - Producing Fields.
Jun 08, 2009 ... The following are profiles of the producing fields in Kuwait and in the DZ (see also gmtKwtFieldJun8-09): Ahmadi: Found in 1952, Ahmadi went on stream in 1953 as a small field but part of Greater Burgan. It has produced from the Mid-Cretaceous Wara and Nahr Umr sandstones, ...
Kuwait - Part 1 - Overview, The Geology & Exploration.
Jun 01, 2009 ... Even without the help of international oil companies (IOCs), Kuwait is to raise its crude oil production capacity to 4m b/d by 2020. Production of natural gas will rise to 1,500-2,000 MCF/d by 2020. Kuwait Oil Co. (KOC), the local E&P arm of state-owned Kuwait Petroleum Corp (KPC), is ...
The Global Petroleum Perspective.
Jun 01, 2009 ... OPEC's 153rd ministerial conference on May 28 decided to keep its 24.84m b/d crude oil output ceiling unchanged - set on Dec. 17. This was the second time OPEC decided to maintain the current production level, with the previous meeting having been held in March. Before May 28, price hawks ...
The APS Overview.
Jun 01, 2009 ... In his annual presentation to prestigious Institute of Energy Economics of Japan (IEEJ) held in Tokyo on May 19, APS Energy Group President Pierre Shammas gave this overview of the global situation: "The world remains divided into a paper economy, a dangerous element of casino ...
Abu Dhabi Expanding Capacity.
Jun 01, 2009 ... Like KPC, the state-owned Abu Dhabi National Oil Co. (ADNOC) is proceeding with its oil production capacity expansions despite the current economic down-turn. Addressing the Gastech-2009 conference in Abu Dhabi, ADNOC's CEO Yousef 'Umair bin Yousef on May 25 said his company planned to ...
Brazil-Saudi Energy Co-Operation.
Jun 01, 2009 ... Ending a two-day visit to Saudi Arabia, Brazilian President Luiz Inacio Lula da Silva on May 17 told a crowded press conference his country had pledged "to boost energy co-operation" with the kingdom but declined to join OPEC despite the discovery of massive crude oil reserves there. He ...