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2016-07-06 18:05:00

KUWAIT'S DEFICIT: $18.2 BLN

KUWAIT'S DEFICIT: $18.2 BLN

 

KUWAIT OIL MAP

 

KUWAIT OIL FIELDS MAP

 

KUWAIT OIL GAS FIELDS MAP

 

PE published, Kuwait's finance minister says the oil-exporting country has posted a budget deficit of $18.2 billion for the most recent fiscal year as lower crude prices slash into government revenue.

Anas al-Saleh, who is also the acting oil minister, was quoted in the state-run Kuwait News Agency on Sunday as saying the deficit was nearly $9 billion less than budgeted for. The new fiscal year in Kuwait began April 1.

Kuwait's budget deficit reflects the impact lower oil prices have had on crude exporters, particularly Gulf Arab monarchies that rely on oil revenues to support generous subsidies, welfare benefits and public sector wages.

Al-Saleh was quoted as saying Kuwait is "facing serious challenges" that require trimming spending, diversifying the economy, creating more jobs for Kuwaitis and attracting greater foreign investment.

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Earlier: 

KUWAIT'S OIL STRIKE 

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 

KUWAIT INVESTS $27B 

KUWAIT: GROWTH 2020 

KUWAIT WILL RICH 

KUWAIT WILL DIG

 

 

Tags: KUWAIT, OIL, GAS, BUDGET, PRICES

Chronicle:

KUWAIT'S DEFICIT: $18.2 BLN
2018, April, 20, 09:00:00

IRAN NEED NEW MARKETS

SHANA - The CEO of the Iranian Gas Commercial Company (IGCC) said his company, as the sole exporter of gas products in Iran, is currently seeking new markets for exporting liquefied petroleum gas (LPG).

KUWAIT'S DEFICIT: $18.2 BLN
2018, April, 20, 08:55:00

UZBEKISTAN - LUKOIL GAS

LUKOIL - LUKOIL has commissioned a Gas Processing Complex at the Kandym fields cluster in Uzbekistan. The official opening ceremony was attended by the President of the Republic of Uzbekistan Shavkat Mirziyoyev, Minister of Energy of the Russian Federation Aleksander Novak, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Uzbekistan Vladimir Tyurdenyov, Ambassador Extraordinary and Plenipotentiary of the Republic of Korea to the Republic of Uzbekistan Kwon Yong Woo and the President of PJSC "LUKOIL" Vagit Alekperov.

KUWAIT'S DEFICIT: $18.2 BLN
2018, April, 20, 08:50:00

ENI INVESTMENT €7 BLN

ENI - Eni will invest €7 billion in Italy over the next four years, including €1 billion in green activities

KUWAIT'S DEFICIT: $18.2 BLN
2018, April, 20, 08:45:00

SEADRILL'S BANKRUPTCY OFF

REUTERS - Offshore oil driller Seadrill (SDRL.OL) plans to emerge from Chapter 11 bankruptcy in late June or early July to catch the rising wave of rig market activity, its chief executive told said on Wednesday.

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