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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
2018, July, 16, 10:35:00

CHINA'S INVESTMENT FOR NIGERIA: $14+3 BLN

AN - China National Offshore Oil Corp. (CNOOC) is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation (NNPC) said on Sunday following a meeting with the Chinese in Abuja.

KUWAIT'S OIL STRIKE
2018, July, 16, 10:30:00

LIBYA'S OIL DOWN 160 TBD

REUTERS - Production at Libya’s giant Sharara oil field was expected to fall by at least 160,000 barrels per day (bpd) on Saturday after two staff were abducted in an attack by an unknown group, the National Oil Corporation (NOC) said.

KUWAIT'S OIL STRIKE
2018, July, 16, 10:25:00

BAHRAIN'S GDP UP 3.2%

IMF - Output grew by 3.8 percent in 2017, underpinned by a resilient non-hydrocarbon sector, with robust implementation of GCC-funded projects as well as strong activity in the financial, hospitality, and education sectors. The banking system remains stable with large capital buffers. Growth is projected to decelerate over the medium term.

KUWAIT'S OIL STRIKE
2018, July, 16, 10:20:00

NIGERIA'S GDP UP 2%

IMF - Higher oil prices and short-term portfolio inflows have provided relief from external and fiscal pressures but the recovery remains challenging. Inflation declined to its lowest level in more than two years. Real GDP expanded by 2 percent in the first quarter of 2018 compared to the first quarter of last year. However, activity in the non-oil non-agricultural sector remains weak as lower purchasing power weighs on consumer demand and as credit risk continues to limit bank lending.

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