Minister of Oil Dr. Ali Al-Omair Sunday termed as "excellent" commercial relations between Kuwait Petroleum Corporation (KPC) and Shell, with the multi-billion-dinar Liquefied Natural Gas (LNG) contract as the culmination of this relation. Al-Omair, also Minister of State for National Assembly Affairs, made the remarks on the sidelines of a ceremony to sign the six-year KD 12 billion (USD 42.7 billion) LNG contract. He said the contract would be harmless to environment because LNG was the least harmful energy source on environment. Kuwait, he added, would also save KD hundreds of millions because it would not be burning oil but rather replace it with LNG. Diesel and crude oil consist of high concentration of sulphur which harms the environment, said Al-Omair, in addition to the consequent costly maintenance of power stations.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summitMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor