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2019-01-30 11:00:00

KUWAIT'S GDP GROWTH 2.5-2.9%

KUWAIT'S GDP GROWTH 2.5-2.9%

IMFKuwait: Staff Concluding Statement of the 2018 Article IV Mission

Higher oil prices in 2017–18 lifted growth and improved fiscal and external balances. The uncertainty about their future though, as demonstrated by the recent drop, underscores the need to reduce Kuwait’s dependence on oil and save adequately for future generations. Successfully tackling these challenges hinges on the emergence of a vibrant private sector that can create jobs for the large number of nationals joining the labor force over the next decade. Ample…

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Tags: KUWAIT, GDP, ECONOMY, FINANCE, IMF

Chronicle:

KUWAIT'S GDP GROWTH 2.5-2.9%
2019, April, 22, 08:20:00

AZERBAIJAN OIL PLATFORM $6 BLN

BP and partners have sanctioned the Azeri Central East (ACE) project, the next stage of development of the giant Azeri-Chirag-Deepwater Gunashli (ACG) oilfield complex in the Azerbaijan sector of the Caspian Sea.

KUWAIT'S GDP GROWTH 2.5-2.9%
2019, April, 22, 08:15:00

CONOCO SELLS BRITAIN $2.67 BLN

ConocoPhillips's gas-focused North Sea assets pumped 72,000 b/d of oil equivalent last year, and the acquisition will help boost Chrysaor's total production this year to over 185,000 boe/d, Chrysaor said in a statement.

KUWAIT'S GDP GROWTH 2.5-2.9%
2019, April, 22, 08:10:00

BRITAIN'S RENEWABLE 33%

Renewable energy sources generated approximately 33 per cent of Great Britain’s electricity over the first quarter of 2019, according to new figures published by energy consultancy EnAppSys, with wind energy accounting for over 60% of renewable generation.

KUWAIT'S GDP GROWTH 2.5-2.9%
2019, April, 22, 08:05:00

TURKEY, GERMANY RENEWABLE

To further explore opportunities for bilateral energy expansion, Turkish Energy and Natural Resources Minister Fatih Dönmez and German Federal Minister for Economic Affairs and Energy Peter Altmaier met in Ankara for the second Turkish-German Energy Forum in October last year to sign a letter of intent to enhance the Turkish-German energy partnership.

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