The US State Department on Thursday set sanctions against companies in Dubai, Hong Kong, and Shanghai,

Kuwait GDP growth to about 0.7 percent in 2019 from 1.2 percent in 2018.

Under the agreement, Masdar will develop, build and operate the 200MW solar PV project, which will be located 75 kilometres southwest of the capital, Baku. Financial close on the project is targeted for the end of 2020, while commercial operation is expected to be achieved in 2022.

The ceremony was held in the presence of Ali Asadov, Prime Minister of Azerbaijan; Parviz Shahbazov, Minister of Energy; Mohammad Abunayyan, Chairman of ACWA Power, and Rajit Nanda, Chief Investment Officer of ACWA Power.

a blockchain-based peer-to-peer energy trading system, has been approved to conduct a 12-month pilot program for energy trading

"This agreement extends Qatar's long standing LNG supply relationship with Kuwait well into the 2030's and highlights our commitment to meeting Kuwait's LNG requirements," Saad al-Kaabi, minister of state for energy affairs and the CEO of Qatar Petroleum, said in a statement

Last week, Russia and Ukraine announced the terms of a new gas transit deal under which Moscow will supply Europe for at least five years via its former Soviet neighbor and pay a $2.9 billion settlement to Kiev to end a legal dispute.

Ukraine is a key transit route for Russian piped gas exports to Europe and the existing deal between the two post-Soviet countries expires at the end of 2019.

Saudi Arabia and Kuwait signed an agreement Tuesday to resume pumping at two major oilfields in a shared neutral zone shut for five years due to a bilateral disagreement, officials said.

The EU first imposed energy sanctions in July 2014 when it limited Russia 's access to European technology and services for developing Arctic, deepwater and unconventional oil resources.