Kuwait has signed an export deal of 100,000 bpd with a major Asian company, with an expected potential annual return of US$2bn
Kuwait signs oil export deal with Asian firm
Industry
KSA, Qatar and other oil producers agree output freeze
The Saudi, Russian, Qatari and Venezualan oil ministers agreed on 16 February to freeze oil output after a previously unannounced meeting in Doha to tackle the supply glut, which has driven down oil prices to their lowest level in more than a decade
Shell now the second biggest non-state oil company
Shell has overtaken Chevron to become the world’s second largest non-state oil company, in the wake of the company’s acquisition of BG Group
‘Low oil prices provide opportunity for structural reforms’
Senior ministers from Kuwait and Iraq, as well as executives from some of the region’s leading energy companies, met in Kuwait last week to discuss the challenges facing the global energy sector
Craig International reaches Middle East
Craig International, an oilfield procurement specialist, is expanding into the Middle East following a contract to manage a US$55mn client spend with an operator in Qatar
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