17
Feb
00:00
Kuwait plans oil & gas rig increase despite oil price slump
Kuwait plans to boost its oil and gas drilling rigs 50% by early 2016. The country is seeking to boost hydrocarbon output despite low oil prices, Hashem Hashem, chief executive of state-run Kuwait Oil Co (KOC), tells Reuters.
The Gulf state plans to deploy 120 oil and gas rigs by the start of next year, adding 150,000 barrels/day of oil to the current production potential of around 3 million b/d. This is up from 80 rigs now operating, Kallanish notes. "…
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Anonymous
Very good overview of the weekly steel market.
Anonymous