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2016-04-03 16:10:00

KUWAIT & SAUDI AGREE

KUWAIT & SAUDI AGREE

 

AL-KHAFJI OIL FIELD

 

Kuwait and Saudi Arabia agreed to resume production at offshore Khafji oil field although no restart date was immediately available, Kuwait News Agency (Kuna) reported, saying Anas al-Saleh, Kuwait's acting oil minister, told Kuwait's Parliament that maintenance was planned first at the field.

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.

The restart initially will involve "small quantities, which would be increased taking into consideration environmental concerns," before returning to normal levels, Kuna said.

Separately, Saudi Arabia and Kuwait are expected to attend an Apr. 17 meeting in Qatar of major oil producers, members of the Organization of Petroleum Exporting Countries, as well as non-OPEC members, to discuss a proposed production freeze at January levels.

ogj.com

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More: 

SAUDI LOSES MARKET 

SAUDI EXPANSION 

SAUDI & SHELL SHARES 

RUSSIA & KUWAIT COOPERATION 

AS THE FOOL THINKS, SO THE BELL CLINKS 

SAUDI'S DEFICIT 20%

 

Tags: KUWAIT, SAUDI, OIL, OFFSHORE, KHAFJI
KUWAIT & SAUDI AGREE September, 21, 11:00:00

OIL PRICE: NEAR $79 STILL

KUWAIT & SAUDI AGREE September, 21, 10:55:00

RUSSIA'S OIL PRODUCTION: 11.3 MBD

KUWAIT & SAUDI AGREE September, 21, 10:45:00

UNEXPECTED OIL PRICES

KUWAIT & SAUDI AGREE September, 21, 10:40:00

OIL MARKET UNCERTAINTY

KUWAIT & SAUDI AGREE September, 21, 10:35:00

OPEC-NON-OPEC DECISIONS

KUWAIT & SAUDI AGREE September, 21, 10:30:00

U.S. CAPITAL EXPENDITURES UP

All Publications »

Chronicle:

KUWAIT SAUDI AGREE
2018, September, 21, 10:25:00

U.S. ENERGY CASH: $119 BLN

U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18 Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014

KUWAIT SAUDI AGREE
2018, September, 21, 10:20:00

WORLD OIL DEMAND: 100.23 MBD

OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.

KUWAIT SAUDI AGREE
2018, September, 21, 10:15:00

IRAQ'S OIL: NO RECORD

ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.

KUWAIT SAUDI AGREE
2018, September, 21, 10:10:00

NATURAL GAS EXPORT UP

PLATTS - The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.

All Publications »