All publications by tag «KUWAIT»
2019, April, 22, 08:25:00KUWAIT OIL PRODUCTION: +370 TBD
Boosting heavy crude output is a major part of the country's 2040 oil production strategy. Kuwait plans to increase overall oil production capacity to 4.75mbpd by 2040, up from its current capacity of 3.15mbpd.
2019, April, 5, 09:45:00KUWAIT'S GDP UP 1.7%
Kuwait's growth has resumed, and the current account rebounded thanks to higher oil prices. Hydrocarbon output rose by 1.2 percent in 2018 after contracting a year earlier. Buoyed by a rebound in confidence and government spending, non-oil growth has accelerated to 2.5 percent.
2019, January, 30, 11:00:00KUWAIT'S GDP GROWTH 2.5-2.9%
IMF - Kuwait's growth is expected to strengthen. The mission has assumed an average oil price of US$57 per barrel in 2019–20, increasing to US$60 per barrel over the medium term. As capital project implementation accelerates, non-oil growth is projected to increase to about 3.5 percent in 2020. The recent OPEC decision to cut production is expected to hold oil output to 2 percent growth in 2019, which could rebound to 2.5 percent in 2020 given the spare capacity. Inflation is expected to rise in 2019–20 to about 2.5 percent as the deflationary factors in 2018 unwind.
2018, August, 3, 09:45:00KUWAIT OIL PRODUCTION 2.8 MBD
PLATTS - Kuwait's crude oil production currently stands at 2.8 million b/d, the country's oil minister Bakheet al-Rashidi said Wednesday, up about 90,000 b/d from June levels.
2018, April, 18, 13:02:00KUWAIT'S INVESTMENT $113 BLN
AOG - Kuwait plans to invest $113bn over the next five years to enhance oil exploration and production activities both inside and outside the country
2017, December, 25, 20:10:00SHELL - KUWAIT LNG
BLOOMBERG - Kuwait Petroleum Corp. signed a 15-year liquefied natural gas import deal with Royal Dutch Shell Plc to help the oil exporting nation meet growing domestic energy demand.
2016, July, 6, 18:05:00KUWAIT'S DEFICIT: $18.2 BLN
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.
2016, April, 19, 18:00:00KUWAIT'S OIL STRIKE
Thousands of workers in six oil and petrochemical companies went on strike Sunday to protest proposed government cutbacks.
2016, April, 3, 16:10:00KUWAIT & SAUDI AGREE
Production at Khafji was halted in October 2014 because of environmental concerns. The 300,000-b/d field lies in the Saudi-Kuwaiti neutral zone. Kuwait Gulf Oil Co. and Saudi Aramco Gulf Operations Co. jointly operate it. Neither company commented on restart reports.
2016, April, 3, 15:55:00BP & KUWAIT AGREEMENT
The framework agreement includes opportunities for joint investment in future oil and gas exploration, and possible oil and gas trading deals, including LNG.