Tag Archives: Kuwait

Gulf states accounted for 11.8 per cent of natural gas production in the world.

More than 60% of Egypt'.s LNG imports in 2016 -- 4.61 million mt of a total 7.26 million mt -- were sourced from Qatar.

Suspending flights between the countries is among other measures taken by the countries against Qatar which also reciprocally did the same.

Qatar. like Saudi Arabia and the U.A.E.. is also a member of the Organization of Petroleum Exporting Countries.

Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries (OPEC).

OPEC members would decide during the meeting on May 25 to extend the 1.2 mb/d oil cut for six or nine months.

The SPR sales would not start until October 2018 and would amount to just 95.000 bpd. or 1 percent of current U.S. output.

The price of OPEC’s basket of 13 crudes stood at $51.50 per barrel on May 22.

Kuwait is part of a joint OPEC/non-OPEC ministerial monitoring committee.

The Persian Gulf region has about 730 billion barrels of proven oil reserves and more than 70 trillion square meters of natural gas.