Despite these challenges, Kuwait Oil Company (KOC), which owns the Burgan field -- the world’s second-largest oil field -- and other northern fields, is actively involved in marine exploration as part ...

Kuwait Oil Tanker Co SAK (KOTC), a subsidiary of Kuwait Petroleum Corporation, is Kuwait-based company mainly involved in the ownership and management of tankers engaged in the transport of crude oil, ...

If made public, shareholders would own the company and could influence a country’s most valuable asset. Many large oil companies are owned by their governments. Kuwait Petroleum, the National ...

KUWAIT, April 5 (KUNA) -- Kuwait crude oil price dropped by USD 4.56 to reach USD 72.96 per barrel on Friday vis-a-vis USD 77.52 pb on Thursday, Kuwait Petroleum Corporation said on Saturday. In ...

KUWAIT, March 19 (KUNA) -- Kuwaiti oil price rose 81 cents to USD 75.87 per barrel in Tuesday's trading compared to Monday's USD 75.06 pb, reported Kuwait Petroleum Corporation (KPC) on Wednesday. In ...

On the back of its large fiscal surpluses (Kuwait had the largest fiscal surplus in the GCC prior to 2014), substantial reserves and periods of high oil prices, government spending rose from 38.8% of ...

Ruhollah Latifi said that Iran exported non-oil commodities valued at $192.611 million to Kuwait in the ten-month period. In last September, the head of the Iran-Kuwait Chamber of Commerce criticized ...