Tuesday , October 24 2017

Tag Archives: oil

Iran sanctions lift will boost GCC – Iranian economy expected to grow rapidly

DUBAI, Oct 1: Lifting of Iran sanctions in the future will significantly boost its economy and positively affect the neighbouring GCC economies, especially the UAE. According to speakers at a panel discussion organised by ICAEW’s Corporate Finance Faculty in the UAE, this is due to its solid trading infrastructure. ICAEW …

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Iran ‘invites’ foreign firms – Plans to boost oil industry

TEHRAN, Oct 1, (RTRS): Iran is inviting foreign investors to actively develop its energy industry after sanctions are expected to ease in 2016, under a nuclear deal between Iran and six global powers, deputy Oil Minister Rokneddin Javadi told Reuters on Thursday. “We welcome all oil companies, including the Americans, …

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Egypt to search for ‘oil’ in Iraq

CAIRO, Sept 30, (RTRS): Egypt will search for oil outside its own borders for the first time after signing an agreement with Kuwait Energy for part of a concession in Iraq, its oil minister said on Wednesday. Kuwait Energy will give up 10 percent of a concession in Basra, southern …

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OPEC crude oil output rises in September, led by Iraq – survey ; Saudi production stays flat, near June record

LONDON, Sept 30, (RTRS): OPEC oil output has risen in September from the month before, a Reuters survey found on Wednesday, as Iraq’s northern exports recovered from disruption that had halted supply growth from the group’s second-largest producer. Saudi Arabia and other Gulf members of the Organization of the Petroleum Exporting …

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Kuwait says no plan for summit to boost prices

KUWAIT CITY, Sept 28, (AFP): The OPEC oil cartel has no plan to participate in an oil producers’ summit proposed by Venezuela to support prices, Kuwait’s oil minister said Monday. The next meeting on OPEC’s calendar is a twice-yearly ministerial gathering in December, Ali Al-Omair told reporters when asked about …

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‘Oil export ban’ must end: Bush

WASHINGTON, Sept 27, (RTRS): Republican presidential candidate Jeb Bush will call for a decades-old ban on exporting US crude oil to be lifted in a speech next week that will lay out an aggressive approach to growing jobs in the energy sector. Bush’s speech on Tuesday at Rice Energy Inc., …

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Govt ill-prepared to counter slump in oil prices, says MP – Lawmakers slam Dashti comments on rights issue

KUWAIT CITY, Sept 27: The government has yet to present a clear plan on addressing the repercussions of continuous oil price decline in the international market and to diversify sources of national income, says MPAhmad Al-Qudaibi. In a press statement, Al-Qudaibi pointed out no concrete step has been taken since …

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Mega energy projects hit by oil slump – report

KUWAIT CITY, Sept 22, (KUNA): Due to the continuing slide in the price of oil worldwide, numerous mega energy projects totaling USD 118 billion in value have been put on hold by the world’s major oil companies, said a report issued here on Tuesday by the Diplomatic Center for Strategic …

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