KUWAIT'S OIL STRIKE
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.
|March, 19, 08:19:00|
|March, 19, 08:15:00|
|March, 19, 08:10:00|
|March, 19, 08:05:00|
|March, 19, 08:00:00|
|March, 18, 11:45:00|
PENNENERGY - The Trump administration accused Russia on Thursday of a concerted, ongoing operation to hack and spy on the U.S. energy grid and other critical infrastructure, and separately imposed sanctions on Russian officials for alleged high-tech interference in the 2016 American presidential election.
IAEA - IAEA Director General Yukiya Amano commended efforts by Pakistan to increase nuclear safety and security as the country works to triple its nuclear power capacity. Prime Minister Shahid Khaqan Abbasi commended the IAEA for the support provided to Pakistan in the use of peaceful nuclear applications. Pakistan “was ready to further strengthen its partnership with the IAEA and contribute towards the achievement of the Sustainable Development Goals worldwide,” the Prime Minister said.
PLATTS - "The increase in competition induced new practices in the market that resulted in imports returning to normal," Petrobras' Jorge Celestino said during a presentation of the company's 2017 financial results.
PLATTS - The objective of this program is to increase its domestic refinery utilization rates to 90% from current levels of 10-20%, Kragha said speaking to Platts in Cape Town on the sidelines of the African Refiner Association conference.