Tag: Kuwait

Kuwait will ban commercial vessels carrying goods to and from Israel, from crossing Kuwait’s territorial waters.

Kuwait Petroleum’s unit KIPIC reported that two sub-contractors died in an accident on Saturday at its LNG plant under construction in Al-Zour. The company noted that they would undertake all the necessary measures to investigate the incident.

Qatar Petroleum and Kuwait Petroleum Corporation (KPC) signed an agreement for the supply of up to 3 million tons per annum of LNG to Kuwait. The agreement will last for 15 years, and will start in 2022. LNG deliveries to Kuwait’s new LNG receiving terminal at Al-Zour Port will support Kuwait’s increasing energy needs and demand.

Kuwait and China have signed a memorandum-of-understanding (MoU) to begin Phase 1 construction of the Silk City megaproject, an initiative that includes the development of the Mubarak Al-Kabeer Port. The Mubarak Al-Kabeer Port will be built by the Chinese Construction and Communications Company and it will be operated through either a long-term leasing or public-private partnerships.

Construction of a controversial megaport between the two nations Kuwait said that threats by Iraqi militants will not deter the oil-rich emirate from completing the construction of a controversial megaport between the two nations."We are not scared by threats and we are continuing the construction work in the project. Work is ongoing smoothly and as planned," foreign ministry undersecretary Khaled al-Jarallah told reporters.The Kuwaiti official was responding to new threats by Iraqi Shiite militant group Ketaeb Hezbollah that it will strike the port if Kuwait did not halt construction.The group made its first threat last month and Kuwaiti newspapers on Sunday published new threats by the same group."This threat is unfortunate and irresponsible," Jarallah said after a presentation on Mubarak Al-Kabeer port to heads of foreign diplomatic missions in Kuwait."There must be an official Iraqi handling of these threats," the Kuwaiti official said.Last month, Ketaeb Hezbollah, which has claimed deadly attacks on US troops in Iraq and is believed to be backed by Iran, warned a South Korean consortium to halt work on the Kuwaiti port project.Iraqis are objecting to the port because they say it will strangle Iraqi shipping lanes.Iraqi Prime Minister Nuri al-Maliki has said that Kuwait has ...

The Gulf ports dispute is straining ties Sitting in a traditional black funeral tent near Iraq's only outlet to the sea, businessman Sadiq Jaafar is mourning the "death" of his country's biggest port -- even before it is built.For Jaafar and many other Iraqis, the long-delayed Grand Faw port project near the southern oil hub of Basra risks being killed off by a rival megaport already being constructed across the water by neighbouring Kuwait.The Gulf ports dispute is straining ties because Baghdad fears Kuwait's Mubarak port not only threatens competition that will crowd it out of trade from Europe and the Middle East but may also infringe on Iraqi territory, a charge Kuwait denies.The neighbours share more than just a narrow sea lane access to the Gulf, but also a long, bitter history of disputes over oil, water and land rights where the region's two great rivers, the Tigris and the Euphrates, sweep into the sea."This port won't only cause Iraq losses, but it is killing us off and launching an economic war," Jaafar, a board member of the Iraqi Business Federation's Basra branch, said at the tent he has set up in the southern city in imitation of those ...

Kuwait plans to develop a port just across its border with the country Iraq's main port will lose 60 per cent of its business and major new port plans will be scuppered if Kuwait goes ahead with plans to develop a port just across its border with the country, economists have said, Dredging today reports.The Kuwaitis laid the foundation stone to kick off the construction of Mubarak port, just over the border from the site of a new Iraqi port currently in construction, and close to Umm Qasr, Basra, Iraq's only deep water port last Tuesday.The move has flared historic tensions between the two states.Faleh Kadhim, an Iraqi ports expert, said the Kuwaiti port plans are in reaction to Iraq's attempts to compete with the Red Sea route currently used for most goods traveling from East Asia to Europe, the Middle East and North Africa, through the construction of Al Faw Grand Port, together with a new railway system.The US$6 billion Iraqi project is part of a drive to modernize public infrastructure and kick-start Iraq's economy now that major new oil contracts have been signed. Goods would be able to reach Europe overland more quickly than ships might reach Egypt's ...