Tag: Kuwaiti
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Kuwaiti Oil Minister: Iran’s right in Al-Durra field depends on border demarcation (video)
On Sunday, July 9, Kuwaiti Oil Minister Saad Al-Barrak affirmed the exclusive right of Kuwait and Saudi Arabia in the offshore Dorra field, and that Iran’s rights in the field depend on the demarcation of borders. Al-Barrak said that the declaration of the right of Saudi Arabia and Kuwait in the offshore field was based…
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Who is the new Kuwaiti Oil Minister Saad Al-Barrak?
The selection of the new Kuwaiti oil minister, Saad Al-Barrak, came after several days of consultations, following the resignation of the fourth government of Sheikh Ahmed Nawaf Al-Ahmad. Yesterday, Sunday, the Emir of Kuwait, Sheikh Nawaf Al-Ahmad Al-Sabah, issued an Emiri decree forming the new government headed by Sheikh Ahmed Nawaf Al-Ahmad Al-Sabah, which includes…
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An expected decrease in the exports of the Kuwaiti Al-Zour Refinery after the closure of one of the units
It seems that the exports of the Kuwaiti Al-Zour refinery will witness a decline during the coming period, despite expectations of an increase in supplies to Europe and Asia to compensate for Russian fuel. The crude distillation unit at the refinery of the state-owned Kuwait Petroleum Corporation was closed due to a technical problem, according…
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The price of a barrel of Kuwaiti oil jumps 10%, supported by OPEC + cuts
The price of a barrel of Kuwaiti oil received support from the decisions taken by 9 OPEC+ countries to offer voluntary production cuts of 1.6 million barrels per day. Last week, OPEC countries decided to take precautionary measures to control oil markets by raising the total volume of coalition cuts to 3.66 million barrels per…
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The price of a barrel of Kuwaiti oil confuses the new budget of the Petroleum Corporation
The budget of the Kuwait Petroleum Corporation may witness a change during the new fiscal year (2023-2024), after the decline in the price of a Kuwaiti oil barrel in the new budget. Sources said that the budget of the Kuwait Petroleum Corporation and its subsidiaries for the next fiscal year, which is scheduled to begin…
