Saturday , December 15 2018

Tag Archives: oil

Increase in oil prices boosts Arab production growth to $2.7 trillion

Hike expected to continue at a rate of 3.9 pc to reach $2.8 trln in ’19 KUWAIT CITY, Dec 12, (KUNA): The oil prices hike …

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Kuwait renews gas oil supply contract with Lebanon

BEIRUT: Kuwait Petroleum Corporation (KPC) has renewed its contract with Lebanon’s ministry of energy for a year to provide Lebanon state electricity company with gas …

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Kuwait overtakes Qatar to become Japan’s ‘third biggest’ oil provider

TOKYO, Dec 2, (KUNA): Kuwait’s crude oil exports to Japan in October jumped 28.3 percent from a year earlier to 7.11 million barrels, or 229,000 …

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‘Massive losses at Oil’

KUWAIT CITY, Nov 29: The Ministry of Oil is currently dealing with losses far greater than losses incurred due to the Dow scandal, says MP …

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$70 oil price is comfortable for all – US disappoints producers with its Iran waivers

Russia, the biggest oil producer, clearly stated last week that an oil price of $70 per barrel is satisfactory. With this, rest of the oil …

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Kuwait continues regular fuel production & export

KUWAIT CITY, Nov 15, (KUNA): Crude oil production, exportation and supplying the domestic market with fuel have been continuing regularly in aftermath of the latest …

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Necessity knows no law

THE latest massive drug bust in Kuwait, during which Customs officials seized more than 1.3 million narcotic pills, is deeply alarming and unsettling. It is …

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Less oil production to help maintain balance

ABU DHABI, Nov 12, (KUNA) : Reducing oil production to maintain market balance could be necessary in the not too distant future, a Kuwaiti official …

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Arab producers pushing for unachievable targets – Lack of investments a drawback

Abu Dhabi National Oil Company (ADNOC) last week announced its objective to increase its crude oil production to four million barrels by the end of …

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Call to hire new executives from outside the oil sector

By the end of this year, all executives of the oil sector with more than 35 years of experience including the chief executive officer will …

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