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A general view taken on April 16, 2016 shows the Shuaiba oil refinery south of Kuwait City. (AFP)
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Pump jacks are seen in the Midway Sunset oilfield, California, in this April 29, 2013 file photo. REUTERS/Lucy Nicholson/Files
Kuwait Plans to Raise Oil-production Capacity after 2030
Kuwait plans to raise oil-production capacity to as much as 4.75 million barrels a day after 2030 as the OPEC member builds refineries in Asia to process more of its crude, the head of state-run Kuwait Petroleum International Ltd. said. The Gulf country, which...Caption:
OPEC logo is pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria September 28, 2016. REUTERS/Ramzi Boudina
Barkindo: OPEC was Anticipating Revival in Libya, Nigeria, Iran Oil Production
Istanbul- OPEC wants an “orderly recovery” in oil production from Libya, Nigeria and Iran and has a flexible output target under its cuts agreement to accommodate more crude from the three member nations, the group’s Secretary-General Mohammad Barkindo has said. The...Caption:
Saudi Arabia’s Prince Mohammed bin Salman attends a cabinet meeting that agrees to implement a broad reform plan known as Vision 2030 in Riyadh, April 25, 2016. REUTERS/Saudi Press Agency/Handout via Reuters
Saudi Crown Prince Faces Major Challenges in Energy Market
Kuwait – Saudi Arabia’s Crown Prince, Mohammed bin Salman, will have to face several challenges in the upcoming phase on the political and economic levels. The Kingdom will soon be witnessing many changes, including the Aramco IPO and the rise in oil prices. The crown...Caption:
Khalid al-Falih speaks during his keynote address at the CERAWeek 2010 energy conference in Houston March 9, 2010. Reuters