Earlier this month, Kuwait had invited Iran for another round of maritime border talks after Tehran said it was ready to start drilling in the field. On Thursday, Sky News Arabia quoted Kuwait's Oil Minister Saad Al-Barrak as saying his country would begin "drilling and production" at the gas field...
Kuwait forms new government led by Sheikh Ahmad Nawaf al-Sabah
Kuwait - Kuwait on Sunday formed a new government led by the Prime Minister, Sheikh Ahmad Nawaf Al-Ahmad Al-Jaber Al-Sabah. The Deputy Amir, Sheikh Mishal Al-Ahmad Al-Jaber AlSabah signed a decree approving the new a 15-member government line-up. The Gulf Arab state also named a new defence minister, Sheikh Ahmad...
Iran needs $22bn to maintain gas output
Iran’s Oil Minister Javad Oji has reportedly said the country requires at this investment to maintain the production level of the gas fields over the next six to eight years. Meanwhile, a project to study methods to increase the recovery factor gas fields will start by late March 2022.
Tehran able to sell oil despite US sanctions, says minister
The US imposed its harshest sanctions on Iran three years ago as Washington, under President Donald Trump, unilaterally abandoned an international nuclear deal that Tehran had with it and five other global powers.
Iran discusses oil cooperation with China
Iran is hard pressed to sell its oil to countries across the world due to the sanctions placed by the United States on it.
India, UAE agree on extending energy relations
India's new Minister for Petroleum and Natural Gas, Hardeep Singh Puri, makes courtesy calls to his counterparts in major oil producing countries in the Gulf, including Saudi Arabia, UAE, Qatar and Kuwait.
