Special to WorldTribune.com ABU DHABI — Kuwait has been bracing for a shutdown of its energy sector. Union leaders said they were preparing for a strike of Kuwait oil facilities. The union leaders said the 19,000 Kuwaiti workers would not tolerate a decision by the Gulf Cooperation Council state to slash their salaries, which average […]
Special to WorldTribune.com ABU DHABI — Kuwait is preparing to launch its first survey of offshore energy. The state-owned Kuwait Petroleum Corp. (KPC) said the offshore energy survey would begin this month. The two-dimensional survey would encompass 7,000 square kilometers in the northern Gulf. In a statement, Kuwait Petroleum subsidiary, Kuwait Oil Corp., said it […]
Special to WorldTribune.com ABU DHABI — Kuwait has expanded its presence in China’s energy sector. The state-owned Kuwait Petroleum Corp. has reached agreement to participate in a major Chinese energy program. KPC intends to acquire 20 percent of a $9 billion energy project in China. “The partnership with one of the international oil companies will […]