The state-owned Kuwait Petroleum Corporation (KPC) hasrenewed two crude oil supply contracts with India's Bharat Petroleum CorporationLtd (BPCL) and Bharat Oman Refineries Ltd (BORL) with a total value of USD 3.7billion.In a press statement issued Tuesday, KPC described the contract signing as "apositive move" that would help increase bilateral trade exchange and Kuwait'squota of India's oil market.It added that the three sides have also discussed prospects of future cooperation.There are intentions to increase the exported volume by 50,000 barrels per day as of2015, the statement said.It noted that the BPCL and BORL are among the biggest oil refining companies in India, with a total combined refining capacity of up to 670,000 barrels per day.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summitMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor