News On Oil
Minister Points Out Kuwait Has Already Cut Oil Output Voluntarily Minister of Oil and Acting Minister of Electricity and Water Dr. Khaled AlFahdel on Thursday denied a media report claiming Kuwait was pressured to speed up slashing crude oil production ahead of impl... April 23, 2020 682 Category: Coronavirus
Oil Jumps With Escalation Of Tension In Gulf WITH the news of USA-Iran tensions, oil prices have jumped to above $69 per barrel, raising speculations of how high the oil price will reach or when the tension will cease in the oil-rich region that... January 05, 2020 1098 Category: Business
Kuwait And Saudi Set To Sign Oil Production Agreement Saudi Oil Minister Prince Abdulaziz bin Salman Al-Saud will arrive in Kuwait tomorrow, Tuesday, to sign an agreement on resuming oil production in the shared neutral zone jointly run by both countries... December 23, 2019 565 Category: Kuwait
In Search Of Replacement For Oil THE question that is on the minds of everyone every day as soon as we highlight the need to find an alternative to oil is – what is the alternative and where? We have been repeatedly stating thr... October 20, 2019 268 Category: Business
In Search Of Alternative For Oil We all know that Kuwait is sitting on about 90 billion barrels of oil; all of it can most likely be produced at a cost lower than $10 a barrel. This is in addition to domestic and overseas joint refin... October 13, 2019 374 Category: Kuwait
Oil’s Future Bleak – Time For Gulf Producers To Turn New Page Let us turn a new page as oil prices remain weak. Prices might hit new bottom next year – around $25 a barrel in the worst case scenario envisaged by Russian oil companies. It seems very difficu... September 29, 2019 297 Category: Business
Oil Must Stay Below $50 Per Barrel Keeping the oil prices below $50 per barrel is the only hope for ensuring any serious economic reforms in Kuwait, especially with the ongoing budget deficits. This should force us to take serious a... August 04, 2019 326 Category: Business
Pakistan Signs Agreement With Kuwait For Oil Exploration Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced on Wednesday that its subsidiary, Kirthar Pakistan, has signed an exploration license and petroleum concession agreement in Makhad secto... May 22, 2019 689 Category: Kuwait
Saudi Oil Facilities Hit – Amir Condemns Tankers Attack His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah on Monday phoned Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces Sheikh Mohammad bin Zayed Al-Nahyan to condem... May 15, 2019 547 Category: International
Vietnam Seeks To Boost Kuwaiti Investments In Gas And Oil Vietnam’s Deputy Prime Minister Trinh Dinh Dung said his country seeks to enhance Kuwaiti investments in gas, oil and infrastructure as it intends to obtain more non-refundable governmental aids... April 30, 2019 252 Category: Business
Decline In Recruiting Expats In Oil Sector Sources pointed to nearly 50 percent decline in the appointment of expatriates in oil sector during the last fiscal year compared to the previous year, reports Al-Rai daily.   The same sour... April 17, 2019 395 Category: Kuwait
Famous Cafe On Sea Front Pours Oil On Seats To Force Customers To Enter The Café The environmental police have opened an investigation into the fact that the management of one of the famous cafes located has poured oil on the seats and restrooms nearby a sea front to prevent the m... April 03, 2019 350 Category: Crime News
Oil And MEW Has Issued A Decision To Form A Committee To Discuss About Fake Degrees Issue The Minister of Oil, Minister of Electricity and Water, Khalid Al-Fadhel has issued a decision to form a committee to discuss the issue of employees who have got jobs in the oil sector on the strength... March 29, 2019 320 Category: Kuwait
KCC Makes First Delivery Of Oil Well Cement Kuwait Cement Company (“KCC”) has announced the commencement of marketing of the Oil Well Cement, and supplying its first delivery on 13/03/2019 to National Petroleum Services Company (NAP... March 14, 2019 534 Category: Business
No Intention To Raise Support For Prices Of Oil Derivatives During The Next Phase The government does not intend to raise support for the prices of oil derivatives during the next phase, despite the efforts of financial reform adopted by the government during the past five years, w... January 28, 2019 242 Category: Business
National Guard To Protect Oil The National Guard has officially taken over the responsibility of securing and protecting the oil installations which till then was the responsibility of the Ministry of Interior, reports Al-Rai dail... January 24, 2019 407 Category: Kuwait
Kuwait Shuts Three Ports In Bad Weather, Oil Ports Unaffected Kuwait's Port Authority has temporarily halted shipping at the Shuwaikh, Doha and Shuaiba ports because of bad weather, the state news agency Kuna reported on Thursday. Kuwaiti oil ports were u... January 17, 2019 305 Category: Kuwait
Kuwaiti Oil At Around $50 To 60 Pb In the first half of 2019, the price of oil is expected to reach $55 to 65 per barrel (pb) with Kuwaiti oil at around $50 to 60 pb, said an analyst Tuesday. Speaking to KUNA, Mohammad Al-Shatti &nd... January 16, 2019 357 Category: Business
Kuwait In Search Of Alternative To Oil We know Kuwait has more than 90 billion barrels of oil underground, most of which are likely recoverable at a low cost of less than $10 per barrel. In addition, it has domestic and overseas joint refi... January 06, 2019 530 Category: Business
Politicization Of Executive Posts At Oil Sector Most Significant Obstacle The most significant obstacle to oil sector is the politicization of executive positions, which has frustrated many young people who are highly qualified in oil arena,” says expert oil consultan... January 03, 2019 289 Category: Business
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