Gulf Oil and Gas accountACCOUNT

Kuwait Oil Minister Says So Far No Plan to Exit Oil Cuts

Source: Reuters 1/17/2018, Location: Middle East

Kuwait’s oil minister Bakhit al-Rashidi said there is no plan or intention so far to exit from a production-cutting agreement among OPEC and non-OPEC oil producers. “The production-reduction agreement will remain for a long time and there is no thinking right now to exit it,” Rashidi told a news conference in Kuwait City.

He said a Jan. 21 committee meeting of some OPEC and non-OPEC ministers in Oman would focus on reviewing adherence to the cuts, adding that compliance in December was at 125 percent.

Russia and Saudi Arabia are leading the joint effort to limit crude production and prop up prices. The agreement runs until the end of 2018.

Production News in Kuwait >>

Australia >>  10/22/2020 - Santos released its 2020 Third Quarter Activities Report.
<...

Senegal >>  10/22/2020 - Performance
• Delivered production of 25.3 MMboe, up 2% from Q3 2019.
• Delivered sales volume of 26.7 MMboe, up 10% from Q3 2019.
• ...


Norway >>  10/21/2020 - The authorities have issued consent for start-up of the Dvalin field in the Norwegian Sea. Operator Wintershall DEA estimates that it can recover 18 b...
Brazil >>  10/20/2020 - Petrobras' operational performance in 3Q20 was very good, considering the challenging scenario imposed by the COVID-19 pandemic. Our oil and gas produ...

United States >>  10/19/2020 - Otto Energy has provided a market update on the status of production for the Green Canyon 21 (GC 21) 'Bulleit' field, operated by Talos Energy. The we...
Trinidad and Tobago >>  10/15/2020 - Trinity Exploration & Production plc, the independent E&P company focused on Trinidad and Tobago, provides an update on its operations for the three-m...

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  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Kuwait Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.