General – Petrofac
The UK-headquartered engineering company Petrofac has been temporarily banned from participation in tenders in Kuwait’s oil and gas sector.
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Fossil Energy – Oil Discovery
Kuwait Petroleum Corporation (KPC) announced this weekend it had made a giant oil discovery in the Al-Nokhatha field east of the Kuwaiti island of Failaka, with oil reserves estimated at 3.2 billion barrels.
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