Tag Archives: Kuwait

Around 90 percent of Kuwait'.s state revenues come from oil.

National oil firm outlines ambitious growth plans for the next two decades.

OPEC. supported by Russia and other non-members. began to reduce output a year ago to remove an oil glut built up in the previous two years.

Iraqi Prime Minister Haider al-Abadi expressed great support for the Kuwait agreement.

Soco holds mature oil and gas assets in Vietnam. Congo and Angola with no interests to the low-cost fields in the Middle East.

By expanding infrastructure both upstream and downstream. Kuwait is positioning itself to capitalise on rising global energy demand.

The global agreement to limit production is making progress in re-balancing supply and demand for oil.

Under the current deal the producers are cutting supply by about 1.8 million barrels per day (bpd).

Iraq hired Japan’s Toyo Engineering to help build the project.

Iraq is furious at Shell and prospects don’t look that great for the Basra gas company.