Tag Archives: Kuwait

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 …

Iran is ready for any cooperation and exchange of experiences to eradicate this novel virus.

Qatar plans to boost its production capacity to 126 million mt p by 2027.

The deal could take as much as a year to bring the field back to full capacity.

Kuwait and Saudi Arabia could reach an agreement by the end of this year to renew oil output.

The zone was formally partitioned between Saudi Arabia and Kuwait in 1970.

The differences between the countries in the region would be resolved. noting that there are positive signs of the possibility of bilateral talks between Tehran and Washington.

Kuwait is currently the fourth-largest oil producer in OPEC.