Sunday, 22 October 2017 06:47 GMT
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Kuwait signs USD3b deal with BP

(MENAFN) Kuwait"s state oil group has recently signed a deal with BP for liquefied natural gas (LNG) supply, according to Arab News. The contract is a five-year deal, and worth USD3 billion. Kuwait Petroleum Corp. (KPC) signed a USD12 billion LNG supply deal with Royal Dutch Shell earlier this week. Nasser Al-Mudaf, head of KPC"s international marketing division, said that Kuwait is expected to import around 2.5 million tons of LNG per year over the next few years through such contracts.
Kuwait signs USD3b deal with BP