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2016-04-19 18:00:00

KUWAIT'S OIL STRIKE

KUWAIT'S OIL STRIKE

 

KUWAIT OIL GAS MAP

 

Kuwait's acting oil minister has urged striking union workers to get back to their jobs, promising the government will not reduce their "core benefits." 

The statement by Anas al-Saleh, who's also finance minister, was carried on the official Kuwait News Agency Monday.

Thousands of workers in six oil and petrochemical companies went on strike Sunday to protest proposed government cutbacks.

Kuwait Petroleum Corp., which is the parent company of the Kuwait Oil Co. and other related firms, says it has implemented an emergency plan to cope with the strike, but official statements suggest that oil production was more than halved on Sunday.

Spokesperson for the Kuwait Oil Company Workers' Union, Adel al-Fadhel, told the Associated Press that the strike will continue into Tuesday since no written guarantees have been delivered to the union.

boereport.com

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More: 

KUWAIT & SAUDI AGREE 

BP & KUWAIT AGREEMENT 

RUSSIA & KUWAIT COOPERATION 

KUWAIT: $155 BLN INTO PROJECTS 

KUWAIT & SAUDI WON’T REDUCE: $76/BBL 

KUWAIT CANSELS $1.4 BLN 

KUWAIT DISCOVERS IRAQ 

CHINA & KUWAIT: $ 120 BLN 300,000 BPD OIL 

KUWAIT & SHELL: $12 B 

KNPC AWARDS $7.2B 

KUWAIT INVESTS $27B 

KUWAIT: GROWTH 2020 

KUWAIT WILL RICH 

KUWAIT WILL DIG

 

 

Tags: KUWAIT, OIL, PRODUCTION, PRICES

Chronicle:

KUWAIT'S OIL STRIKE
2017, December, 15, 12:50:00

LUKOIL'S PLAN: $50

LUKOIL - The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth in the share of high-margin projects in the overall production. In the Downstream business segment, the focus is on the improvement of operating efficiency and selective investment projects targeted at the enhancement of product slate.

KUWAIT'S OIL STRIKE
2017, December, 15, 12:45:00

BP INVESTS TO SOLAR

BP - BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.

KUWAIT'S OIL STRIKE
2017, December, 13, 12:40:00

OIL PRICE: ABOVE $64 YET

REUTERS - Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by 0743 GMT. It had settled down $1.35, or 2.1 percent, on Tuesday on a wave of profit-taking after news of a key North Sea pipeline shutdown helped send the global benchmark above $65 for the first time since mid-2015. U.S. West Texas Intermediate crude was up 45 cents, or 0.8 percent, at $57.59 a barrel.

KUWAIT'S OIL STRIKE
2017, December, 13, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

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