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FINANCIAL NEWS
Kuwait Petroleum to sign energy USD5b energy deals
16 Feb 2012
(MENAFN) Kuwait Petroleum Corporation (KPC) said it will sign USD5 billion worth of oil and gas agreements soon, state-run news agency KUNA reported.
Naser Al-Mudhaf, Managing Director of Global Marketing at the state-run oil company, said the KPC signed a contract with a Thai firm to provide 20,000 barrels of crude and 300,000 tonnes of liquefied gas daily.
He said also that KPC agreed with India’s Baharat Petroleum to provide a daily 200,000 tonnes of liquefied gas, subject to increase, and another worth over USD2.5 billion with Indonesia’s Petromina.
CEO Farouq Al-Zanki said KPC is set to enter in talks over joint projects with partners from China and Vietnam.
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