05/13/2009 10:26AM
OPEC Net Oil Export Revenues
Country
Nominal ($B)
Real (2000$B)
2008
2009
2010
Jan-Apr 2009
2008
2009
2010
Jan-Apr 2009
Algeria
$70
NA
NA
$10
$57
NA
NA
$8
Angola
$68
NA
NA
$10
$55
NA
NA
$8
Ecuador
$10
NA
NA
$1
$8
NA
NA
$1
Iran
$82
NA
01/13/2009 10:53AM
KUWAIT CITY (AFP)--Kuwaiti deputies Tuesday called for a probe into the government's handling of a multi-billion-dollar deal signed with U.S. firm Dow Chemical Co. (DOW) that was later scrapped.
Twelve lawmakers in the 50-member house filed a proposal to set up a panel to question the prime minister
12/29/2008 10:10AM
Today, The Dow Chemical Company (NYSE: DOW) has been verbally informed by our partners at the Kuwait Petroleum Corporation (KPC) and Petrochemicals Industries Company (PIC) about a decision made by the Kuwait Supreme Petroleum Council (SPC), to reverse its prior approval of the agreement between Dow
12/22/2008 09:31AM
KUWAIT CITY, Kuwait (AFP)--Kuwait Monday refused to scrap a venture with U.S. giant Dow Chemical Co. (DOW) though opposition lawmakers say the country is overpaying by agreeing to invest 7.5 billion dollars in the project.
"The deal has passed through proper channels after thorough studies...We are
12/21/2008 07:23AM
KUWAIT CITY (AFP)--OPEC member Kuwait earned 1.255 billion dinars ($4.65 billion) in November, its lowest monthly income this year due to the sharp decline in oil prices, the finance ministry said Sunday.
The oil-rich emirate's revenues have been declining since peaking at $12.9 billion in August as
12/19/2008 01:02PM
LONDON (Dow Jones)--Saudi Arabia's new oil production target under the Organization of Petroleum Exporting Countries' latest output cut is 8.05 million barrels a day, which is marginally lower than the kingdom's previous quota in November, according to an OPEC document obtained by Dow Jones Newswires
12/15/2008 03:31PM
ORAN, Algeria (Dow Jones)--A decision to cut production will be made at an OPEC meeting here Wednesday, the Kuwaiti oil minister said Monday.
Speaking to reporters as he arrived two days ahead of the gathering, Mohammad Al Olaim said "a cut decision will be made," He was the latest minister to say
12/08/2008 08:51AM
Dow Chemical Co. (DOW) will cut about 5,000 full-time jobs, or 11% of its work force, close 20 facilities and sell several non-strategic businesses as the company looks to speed its restructuring and reduce costs.
The nation's largest chemical producer by revenue also said it will temporarily shut
06/21/2008 06:32AM
KUWAIT CITY (AFP)--The oil-rich Gulf Cooperation Council, or GCC, states are projected to earn close to $1.3 trillion in oil revenue in 2008 and 2009, a Kuwaiti economic report said on Saturday.
The six-nation alliance - Bahrain, Kuwait, Oman, Qatar, United Arab Emirates and Saudi Arabia - earned