Tag Archives: Kuwait

The development builds on discussions during a climate summit in Paris last year.

Kuwait will raise its oil production by 85.000 bopd as part of a recently reached OPEC agreement.

OPEC agreed with Russia and other oil-producing allies this month to raise output from July by about 1 million bpd.

Kuwait is planning a new heavy crude grade later this year. with a gravity of 16 API and 4.9% sulfur content.

OPEC focus on market stability and managing surpluses that have a big impact on inventories in global markets.

Iraq is the Organization of the Petroleum Exporting Countries’ second-largest producer after Saudi Arabia.

Approximately 60 percent of Kuwaiti consumption of natural gas is used for the refining and petrochemical sector.

OPEC and other suppliers including Russia will discuss continuing the global production limits beyond the end of the year.

Ecuador cut shipments to the United States by 86 percent and Kuwait cut exports by 58 percent. week-over-week.

Kuwait wants to transform into a business hub that attracts investments.