Kuwait Foreign Petroleum Exploration Co. (Kufpec), a subsidiary of Kuwait’s national oil company, has acquired a 26.8-percent working interest in the joint venture operating the Galoc oil field off Palawan.
Low-cost carrier AirPhil Express has bared plans to start long-haul operations to the Middle East, going head-to-head with industry leader Cebu Pacific.
Vietnam on Sunday inked a deal with firms from Japan and Kuwait to build an oil refinery complex worth nearly $9 billion as part of efforts to meet its growing energy needs.
Budget airline Cebu Pacific is adding Kuwait to its list of planned destinations once it starts long-haul operations later this year.
A company based in Kuwait has signified its commitment to pursue its $3-billion investment by renaming the logistics and business center it is developing in a 177-hectare land in this economic zone to honor the country’s amir.
