The nation's oil deposits were discovered in 1934. Kuwait relies on the desalination of salt water for domestic use since it lacks permanent rivers and lakes. The Kuwaiti flag is green ...

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 ...

Kuwait Oil Company has signed agreements with leading global energy majors Baker Hughes, SLP Oilfield Services, Weatherford International, Halliburton Company and the National Energy Services Reunited ...

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 ...

KUWAIT: Kuwait oil price moved down by 56 cents to settle at USD 75.93 per barrel (pb) on Thursday, compared with USD 76.49 pb the previous day, Kuwait Petroleum Corporation (KPC) said on Friday. In ...

Kuwait, Kazakhstan, Algeria and Oman. They cited “healthy market fundamentals and the positive market outlook,” which could mean they expect oil prices to rise in the near future. The ...