Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait renews $3.7bn oil contracts with India  Join our daily free Newsletter

MENAFN - Arab Times - 07/05/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Wait city may 6 (agencies): major oil producer kuwait has renewed crude supply contracts with india's bharat petroleum corporation ltd (bpcl) worth up to 3.7 billion a year the gulf state's official news agency kuna said on tuesday. state-owned kuwait petroleum company (kpc) signed one contract with bpcl and another with its subsidiary bharat oman refineries ltd (borl) kuna said. the report did not specify any volumes. opec member kuwait produces about 3 million barrels per day (bpd) of oil about two thirds of which is exported. bpcl operates a 240000 bpd mumbai refinery in western india and a 190000 bpd kochi refinery in the south of the country. it also has majority stakes in the 60000 bpd numaligarh refinery in northeast india and the 120000 bpd bina refinery in central india. the bina refinery is operated by bharat oman refineries ltd in which state-owned oman oil company has a minority stake. also: kuwait city: the organization of arab petroleum exporting countries (oapec) announced tuesday that the total capacity of primary distillation operations across its member states reached 7.55 million barrels per day (bpd) at the end of 2013. the stated figure formulates 90.72 percent of the total primary distillation operations in the its member states that amount to 8.322 million bpd oapec monthly bulletin pointed out. the bulletin said that the middle east region is the only region in the world that recorded an increase in oil refinery operations; however this rise was two percent less than that of last year. as the rest of the world the oil industry in the middle east is facing many technological and economic challenges due to the unpredictability of global demands on petroleum products. to face these challenges oapec is setting up plans to increase the competitive performance and competitive capacity of oil refineries through raising awareness of power and fuel consumption at these oil plants.


 


Arab Times




  MENA News Headlines
 Feb 9 2016 - Migrant crisis in focus at Berlin fest - 'Hail, Caesar!' to open EU's first major cinema showcaseArab Times
(MENAFN - Arab Times) Movies starring Colin Firth, Kirsten Dunst and Emma Thompson will vie for gold at the 66th Berlin Film Festival starting Thursday, with Meryl Streep as jury president and a ...

 Feb 9 2016 - Majid Al-Futtaim mall to invest USD 3.73bn in 2 Riyadh projectsMENAFN
(MENAFN) Majid Al-Futtaim a leading shopping mall and retail pioneer across the Middle East and N. Africa (MENA), proclaimed plans to improve two new landmark shopping malls in Riyadh.Moreover, the 2 ...

 Feb 9 2016 - Oman's first joined industries city to be ready by 2018MENAFN
(MENAFN) Oman's first integrated light industries city, which will be developed at a USD 258.67mn, is predicted to be finished in the middle of 2018, going to automotive and building ...

 Feb 9 2016 - Kuwait- Spending robust despite lower revenueArab Times
(MENAFN - Arab Times) The interim public finance figures for the first nine months of fiscal year 2015/16 (FY15/16) reveal the resilience of government spending, amid a sustained low oil price ...

 Feb 9 2016 - Kuwait bourse edges higher volume jumpsArab Times
(MENAFN - Arab Times) Kuwait stocks ticked up on Monday extending the gains to third consecutive day. The bourse rose 2.45 pts in dull trading to 5,209.28 points even as board remained mixed in ...

 Feb 9 2016 - NBK receives CBK approval to increase authorized capitalArab Times
(MENAFN - Arab Times) National Bank of Kuwait (NBK) received Central Bank of Kuwait approval to increase the bank's authorized capital from KD 504 million to KD 600 million. The approved increase in ...

 Feb 9 2016 - Alghanim discusses future of jobs, gender equality in DavosArab Times
(MENAFN - Arab Times) As part of the World Economic Forum that took place in Davos, Switzerland last month, which revolved around the theme of "The Fourth Industrial Revolution", Omar Kutayba ...

 Feb 9 2016 - Russia arrests 'seven' Islamic State militantsArab Times
(MENAFN - Arab Times) Russia's FSB security service said on Monday it had arrested seven Islamic State militants in the Urals city of Yekaterinburg who it said had been planning bomb attacks in ...

 Feb 9 2016 - UAE set to outsource government servicesArab Times
(MENAFN - Arab Times) Dubai's ruler said Monday the United Arab Emirates will privatize some government services in the oil-rich country, as well as create a state minister position devoted to ...

 Feb 9 2016 - IS claims Riyadh bomb - No injuries in Saudi capitalArab Times
(MENAFN - Arab Times) An explosion damaged a car in the Saudi capital Riyadh on Monday, the Saudi Press Agency reported, an incident the Islamic State militant group said was caused by a bomb one of ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help