Gulf Oil and Gas accountACCOUNT

Kuwait Petroleum Corp Committed to OPEC Oil Output Cut

Source: Reuters 1/4/2017, Location: Middle East

Share |
State-owned Kuwait Petroleum Corp (KPC) said it was committed to an oil output cut agreed by the Organization of Petroleum Exporting Countries at a meeting in Vienna in November, Kuwait's state news agency KUNA reported.

KPC said in a statement it had notified its clients of the production cuts from the start of January, saying they will be in effect for the whole of the first quarter of 2017.

Under the agreement reached in Vienna on Nov. 30 to cut output by 1.2 million barrels per day, Kuwait would cut its production by 131,000 bpd.

Production News in Kuwait >>

Oman >>  4/18/2018 - Tethys Oil's share of the production, before government take, from Blocks 3&4 onshore the Sultanate of Oman amounted in March 2018 to 360,763 barrels ...
Egypt >>  4/17/2018 - Eni subsidiary IEOC aims to increase gas production from Egypt’s Zohr field to 1.2 billion cubic feet per day (bcf/d) in May, and lift it to 2 bcf/d b...

Russia >>  4/6/2018 - Gazprom Neft has completed its 100th consignment of ARCO oil from its Prirazlomnaya ice-resistant stationary platform, located on the Russian Arctic S...
Argentina >>  4/4/2018 - The state-run energy firms of Chile and Argentina said they had inaugurated a $354 million project to increase production of natural gas off the south...

United States >>  4/4/2018 - Otto Energy Limited (OEL) (Otto) is pleased to provide the following update on the Company’s 50% owned South Marsh Island Block 71 (SM 71) oil project...
Iraq >>  4/3/2018 - ShaMaran Petroleum Corp. reports that recent production in the Atrush field in Kurdistan has been negatively impacted by the accumulation of solids in...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Kuwait Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

 

Oil & Gas Companies in Kuwait >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.