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Samsung Engineering said on Wednesday it had won a $3.8 billion contract from Kuwait National Petroleum Company (KNPC) to build the Mina Abdullah I refinery of Clean Fuels Project (CFP).

KUWAIT CITY - The profits of local oil companies affiliated with Kuwait Petroleum Corporation (KPC) will remarkably improve in the 2025/2026 budget, in contrast to the current fiscal year when profits ...

Oil prices sunk 7% to a four-year low Friday, amid concerns economic fallout of President Donald Trump’s wide-reaching tariffs could put a drag on demand.