10 million dinars primary insurance for participants in the Gulf Oil Company bids
Source: Al Jarida (الجريدة) — اقتصاد
The story in brief
The Higher Committee for tenders and tenders from the Kuwaiti Petroleum Corporation and its affiliates announced the tendering of engineering, procurement and construction for land-based processing facilities (EPC for Onshore... Nasr Petroleum Boosts Gasoline, Diesel Output in FY 2025/26 Sunday, 23 August 2026 Nasr Petroleum processed 1.5 million tons of crude oil in FY 2025/26, while significantly increasing gasoline and diesel production and advancing energy efficiency and renewable energy projects. Egypt’s Oil and Gas FDI Pipeline Boosts External Resilience: Morgan Stanley SOPC Refines1.4 mt of Crude in FY 2025/2026 Strait of Hormuz Iran Authorizes Iraqi Oil Tankers to Transit Strait of Hormuz
Detailed summary
The Higher Committee for tenders and tenders from the Kuwaiti Petroleum Corporation and its affiliates announced the tendering of engineering, procurement and construction for land-based processing facilities (EPC for Onshore... Nasr Petroleum Boosts Gasoline, Diesel Output in FY 2025/26 Sunday, 23 August 2026 Nasr Petroleum processed 1.5 million tons of crude oil in FY 2025/26, while significantly increasing gasoline and diesel production and advancing energy efficiency and renewable energy projects. Egypt’s Oil and Gas FDI Pipeline Boosts External Resilience: Morgan Stanley SOPC Refines1.4 mt of Crude in FY 2025/2026 Strait of Hormuz Iran Authorizes Iraqi Oil Tankers to Transit Strait of Hormuz Iran has authorized a number of Iraqi oil tankers to transit the Strait of Hormuz following repeated requests from Baghdad, as Iraq seeks to maintain crude exports amid continued disruptions and security risks in the strategic waterway. Iraq Targets 8–10 Mmbbl/d Output Within Six Years Iraq plans to increase crude oil production to 8 million–10 million barrels per day (mmbbl/d) within six years, more than doubling its pre-conflict output of around 4 mmbbl/d, as Baghdad seeks to expand its production capacity and secure a larger share of the Organization of the Petroleum Exporting Countries (OPEC) market. Iraqi Prime Minister Ali al-Zaidi announced the target at the Baghdad Dialog policy conference on August 21. Alexandria National Refining & Petrochemicals (ANRPC) Badawi Praises ANRPC’s Record High-Octane Gasoline Output Saturday, 22 August 2026 Karim Badawi, Minister of Petroleum and Mineral Resources, praised ANRPC for raising high-octane gasoline production and called for wider energy-efficiency projects across the petroleum sector. Amreya Petroleum Refining Company’s (APRC) Badawi Highlights APRC’s Higher Output and Local Petroleum Supplies Karim Badawi, Minister of Petroleum and Mineral Resources, highlighted APRC higher production and urged refineries to improve efficiency and make better use of available production capacity to reduce imports. Karim Badawi, Minister of Petroleum and Mineral Resources, praised ANRPC and APRC for increasing high-octane gasoline production, as Egypt works to reduce petroleum product imports and meet local demand. Minister of Petroleum and Mineral Resources Badawi Hails Refinery Effeciency Drive at Alexandria Petroleum Karim Badawi, Minister of Petroleum and Mineral Resources, said that higher crude supplies and refinery efficiency projects have boosted production at Alexandria Petroleum Company, helping to meet local demand and reduce Egypt’s import bill. El Hamra Petroleum Port Badawi Commends the Launch of Fujairah Alamein Oil and Gas Free Zone
Background & context
This story sits within Kuwait's broader reform agenda and efforts to grow Real estate as a pillar of non-oil GDP. The region benefits from supportive energy prices, expansionary government budgets, and rising interest from sovereign wealth funds and foreign investors.
Key numbers & facts
- Nasr Petroleum Boosts Gasoline, Diesel Output in FY 2025/26 Sunday, 23 August 2026 Nasr Petroleum processed 1.5 million tons of crude oil in FY 2025/26, while significantly increasing gasoline and diesel production and advancing energy efficiency and renewable energy projects.
- Nasr Petroleum Boosts Gasoline, Diesel Output in FY 2025/26 Sunday, 23 August 2026 Nasr Petroleum processed 1.5 million tons of crude oil in FY 2025/26, while significantly increasing gasoline and diesel production and advancing energy efficiency and renewable energy projects.
- Iraq Targets 8–10 Mmbbl/d Output Within Six Years Iraq plans to increase crude oil production to 8 million–10 million barrels per day (mmbbl/d) within six years, more than doubling its pre-conflict output of around 4 mmbbl/d, as Baghdad seeks to expand its production capacity and secure a larger share of the Organization of the Petroleum Exporting Countries (OPEC) market.
Key points
- The Higher Committee for tenders and tenders from the Kuwaiti Petroleum Corporation and its affiliates announced the tendering of engineering, procurement and construction for land-based processing facilities (EPC for Onshore...
- Nasr Petroleum Boosts Gasoline, Diesel Output in FY 2025/26 Sunday, 23 August 2026 Nasr Petroleum processed 1.5 million tons of crude oil in FY 2025/26, while significantly increasing gasoline and diesel production and advancing energy efficiency and renewable energy projects.
- Egypt’s Oil and Gas FDI Pipeline Boosts External Resilience: Morgan Stanley SOPC Refines1.4 mt of Crude in FY 2025/2026 Strait of Hormuz Iran Authorizes Iraqi Oil Tankers to Transit Strait of Hormuz The Higher Committee for tenders and tenders from the Kuwaiti Petroleum Corporation and its affiliates announced the tendering of engineering, procurement and construction for land-based processing facilities (EPC for Onshore...
Why this matters
This matters because activity in Real estate, Oil & Gas, Energy & Renewables shapes capital flows, hiring and investor sentiment across Kuwait.
Economic & market impact
Potential impact: - Real estate developers and brokers may see changing demand and pricing. - Oil & gas majors and oilfield services may react to volume, price or policy signals. - Renewables developers and utilities may see project-pipeline impact. - Listed GCC equities and indices may see direct trading reaction.
GCC angle
For the rest of the GCC, this is a signal on the pace of activity in Real estate, Oil & Gas, Energy & Renewables. Capital flows and regulatory decisions in one Gulf state typically travel across borders given the similar economic structures and the coordination inside the GCC framework.
Risks & uncertainty
There is uncertainty around the read-through: projections can be moved by swings in oil prices, by US monetary policy tightening that most GCC central banks track via dollar pegs, and by regional geopolitical events. Headline numbers may also be revised when subsequent official data is published.
What happens next?
Watch for upcoming disclosures from listed names in Real estate, Oil & Gas, official macro releases for Kuwait, and any commentary from regulators or sovereign wealth funds. Tharwa will refresh this briefing as new public information becomes available.
Sources used
This is an original Tharwa briefing based on the available source material. Read the full article from the publisher.
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