Tag Archives: Kuwait

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 …

Saudi Arabia and Kuwait have restarted production at the Al-Khafji oil field in the neutral zone between the two countries, Turkey’s Anadolu Agency reported, citing a statement by the acting CEO of the Kuwait Gulf Oil Company. The official Twitter account of the company posted an update yesterday, saying (via …

Saudi Arabia and Kuwait are “working very hard” to reopen the onshore Wafra oil field in the Neutral Zone shared between both countries, a source directly involved in the project said June 21. There is no restart date yet, the person told S&P Global Platts. Arab news agency Attaqa reported …

Kuwait and Saudi Arabia agreed to stop production from the Al-Khafji crude oil field – part of their shared Neutral Zone – as of June 1, according to a source with knowledge of the situation. The shutdown comes just months after both countries agreed to resume production at the Neutral …

Kuwaiti Parliament Speaker, Marzouq al-Ghanim in a phone call with his Iranian counterpart, Ali Larijani stressed on Kuwait’s solidarity with Iranian people on fighting coronavirus. During the phone call, Marzouq al-Ghanim conveyed Kuwaiti emir Sabah Al-Ahmad Al-Jaber Al-Sabah’s greeting to Larijani as well as his concern over his infection with …

Kuwait’s oil minister said talks with countries attending an OPEC+ meeting are intended to move toward reaching an agreement to reduce production by 10 million-15 million barrels per day, Kuwait’s Al-Rai newspaper reported early on Thursday. Minister Khaled Al-Fadhel said in an interview with the newspaper: “Through our continuous consultations …

Iranian Minister of Petroleum Bijan Zangeneh discussed the latest oil market developments and price fluctuations with Mohamed Arkab, Algerian Minister of Energy and Mines and the President of OPEC Conference.

In a Sunday meeting between Iranian Ambassador to Kuwait Mohammad Irani and Chairman of the Kuwait Red Crescent Society Hilal Al-Sayer, the two sides underlined the significance of mutual cooperation on combating against the novel coronavirus. The Iranian envoy named US-led sanctions on his country as the main factor preventing …