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Kuwait oil unions end 3-day strike over government cutbacks

KUWAIT CITY (AP) — Oil unions in Kuwait ended a three-day strike over government cutbacks, authorities said Wednesday, though it remained unclear what concessions may have been granted to the workers amid low global crude prices. The state-run Kuwait News Agency reported that the unions ended the strike by praising the country’s ruling emir, Sheikh Sabah Al Ahmad Al Sabah, ...

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Kuwait’s oil minister urges striking union to resume work

Kuwait's oil minister urges striking union to resume work

KUWAIT CITY (AP) — Kuwait’s acting oil minister has urged striking union workers to get back to their jobs, promising the government will not reduce their “core benefits.” The statement by Anas al-Saleh, who’s also finance minister, was carried on the official Kuwait News Agency Monday. Thousands of workers in six oil and petrochemical companies went on strike Sunday to ...

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Iran’s parliament approves $97 billion budget

TEHRAN, Iran (AP) — Iran’s official IRNA news agency is reporting that the country’s parliament has approved a $97 billion budget for the current year. The Tuesday report says that the new budget allows the government to set the price of oil at $40 a barrel and to export 2.25 million barrels per day. Iran says it has increased its ...

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Kuwait oil workers go on strike to protest cutbacks

kuwait oil workers

KUWAIT CITY (AP) — Oil workers in Kuwait went on strike Sunday to protest proposed government cutbacks as the OPEC nation grapples with a prolonged slump in crude prices. Thousands of workers gathered for demonstrations at the start of the local workweek in the town of Ahmadi, where the state-run Kuwait Oil Co. has its headquarters, some 40 kilometers (25 ...

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French courts caught up in Yukos vs. Russia assets fight

French courts caught up in Yukos vs. Russia assets fight

PARIS (AP) — The fight between Russia’s government and magnate Mikhail Khodorkovsky’s dismantled Yukos oil company has spread to courtrooms across Europe — and even into space. France has seen multiple court cases in recent months that had entangled rocket and satellite builders and others, in Yukos’ efforts to recover money it says the Kremlin unfairly appropriated. Former Yukos shareholders ...

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