Tag Archives: Kuwait

Iran is ready to hold talks with Saudi Arabia and Kuwait on the joint development of the Arash gas field (called Durra in Saudi Arabia and Kuwait), Spokesman of the Ministry of Foreign Affairs of Iran, Saeed Khatibzadeh said, Trend reports citing the ministry. According to Khatibzadeh, as Iran has …

In reaction to a so-called agreement concluded between Saudi Arabia and Kuwait on Arash/Al-Durra Joint Gas Field, Iranian Foreign Ministry Spokesman said that Iran reserves right to operate Arash/al-Durra Joint Gas Field. Arash/al-Durra Gas Field is a joint gas field between Iran, Kuwait and Saudi Arabia and that parts of …

Saudi Arabia and Kuwait confirmed that they are working to increase production from the Khafji and Wafra joint operations, Saudi Press Agency reported, citing a joint statement. The two parties agreed to implement the memorandum of understanding (MoU) on the neutral zone and the adjacent submerged zone, the statement added …

The increase in oil output agreed last month by OPEC+ nations could be reconsidered at its next meeting on Sept. 1, Kuwait’s oil minister said on Sunday. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, collectively known as OPEC+, will meet on Wednesday to discuss the …

Kuwait’s national oil company has said it is battling a blaze at one of its operational sites in the Burgan oilfield, the second largest in the world. The company says there has been no impact on oil production. In a statement on Monday cited by state-run media, Kuwait Oil Company …

Kuwait’s Oil Minister Oil Mohammad Abdulatif Al-Fares expressed “cautious optimism” on Wednesday that the global oil demand will improve as COVID-19 vaccination programs gather pace and industrial output recovers. Speaking ahead of a joint meeting of the Organization of Petroleum Exporting Countries and other major oil producers, he said the …

Kuwait supports OPEC+ decisions that help maintain stability in crude markets, particularly in light of the negative repercussions from the pandemic, the country’s oil minister said Jan. 4, as ministers from the coalition were set to meet virtually to discuss February oil production levels. Mohammed al-Fares cautioned about the impact …

Gulf OPEC producers the United Arab Emirates and Kuwait, as well as Iraq, are debating whether they should roll over existing oil supply cuts into 2021, as they struggle to stick to their agreed reductions, OPEC and industry sources said. Their hesitance raises the possibility of reviewing output targets when …

Kuwait aims to open what will be the Middle East’s largest import terminal for liquefied natural gas in March, according to two people familiar with the project. The Al-Zour plant will allow Kuwait to receive 22 million tons of LNG (about 31 billion cubic meters) a year, almost doubling the …

The Gulf state of Kuwait is the most dependent on revenues of fossil oil among the world countries, a recent report issued by the World Bank revealed, according to The New Khalij on Friday. The report, which was published by local Kuwaiti media, confirmed that Kuwait’s oil revenues make up …