Arab Today, arab today kuwait parliament adopts recommendations on dwindling oil prices
Last Updated : GMT 06:14:20
Arab Today, arab today
Arab Today, arab today

Kuwait parliament adopts recommendations on dwindling oil prices

Arab Today, arab today

Arab Today, arab today Kuwait parliament adopts recommendations on dwindling oil prices

Crude oil
Kuwait - KUNA

The National Assembly has adopted a host of recommendations mainly purposed to stem the tide of uncontrollably dwindling oil prices following relevant presentations by Minister of Oil and Minister of State for National Affairs Ali Al-Omair and other oil officials.
The assembly recommended continuously promoting Kuwaiti oil, ensuring available world markets, overhauling the oil sector and taking every possible step to transfer Kuwait into an oil industry hub.
It also advised carrying out all oil projects that are intended to update local oil industries, cutting production costs, retain Kuwaiti efficient employees in the oil sector and use the help of the private sector in revamping the oil sector in line with the Build, Operate and Transfer (BOT) system.
Resolving political differences with other countries on oil fields and employing and training Kuwaitis in the oil sector, adopting strategic alternatives to state resources, reducing reliance upon oil were also among measures advised by MPs during a parliamentary session held today to discuss several issues, primarily the current fall in oil prices.
Furthermore, fresh political and diplomatic methods need to be created in order to ease out the fallout of the uncontrollable dip in international oil prices.
Addressing the session, Minister of Oil and Minister of State for National Affairs Ali Al-Omair said Kuwait's current oil production exceeds 2.8 million barrels per day, while world oil supplies are estimated at roughly 96 million barrels per day.
On the suspension of oil production in Khafji joint oilfield, the minister said it was due to technical reasons and efforts were being exerted in order to resume production there.
Asked if the present fall in oil prices could lead to a drop in pay and bonuses in the oil sector, he confirmed that the salaries and benefits of all oil employees would remain intact.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait parliament adopts recommendations on dwindling oil prices Arab Today, arab today kuwait parliament adopts recommendations on dwindling oil prices

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait parliament adopts recommendations on dwindling oil prices Arab Today, arab today kuwait parliament adopts recommendations on dwindling oil prices

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan

GMT 04:23 2017 Tuesday ,20 June

Oil prices flat after weeks of steep declines

GMT 06:08 2017 Sunday ,18 June

Lower oil prices set to test US shale driller

GMT 05:10 2017 Wednesday ,14 June

Oil prices edge down

GMT 05:22 2017 Tuesday ,13 June

Oil rises as investors buy into US crude
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday