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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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OPEC official: Oil production freeze deal likely to be reached

OPEC official: Oil production freeze deal likely to be reached

KUWAIT CITY (AP) — Kuwait’s OPEC governor is saying members of the oil cartel and other producing countries likely will reach a deal later this month for a production freeze as crude prices sit below $40 a barrel. The state-run Kuwait News Agency quoted Nawal al-Fuzai on Tuesday as saying that oil ministers of OPEC nations and several non-OPEC nations showed interest ...

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Echoes of 1991 Gulf War linger on in Mideast

Echoes of 1991 Gulf War linger on in Mideast

The 1991 Gulf War saw only 100 hours of ground fighting as U.S. forces entered Kuwait to end the Iraqi occupation but echoes of that conflict have lingered on for decades in the Mideast. The war pushed America into opening military bases in the Persian Gulf and Saudi Arabia, drawing the anger of an upstart militant named Osama bin Laden ...

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Kuwait says fire at northern oil well has been contained

KUWAIT CITY (AP) — A fire that erupted at an oil well in northern Kuwait has been extinguished, the Gulf nation’s state news agency reported Wednesday. Government-run Kuwait Oil Co. announced the fire earlier in the day, with an official saying that firefighters were working to put it out. Company spokesman Saad al-Azmi was quoted by the official Kuwait News ...

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Low oil prices drop Gulf Arab defense spending

DUBAI – Low oil prices are eating into defense spending in the Gulf region, one of the world’s largest arms markets, with budgets trimmed for the first time in a decade this year and deeper cuts expected in 2016, according to a report published on Thursday. Overall spending fell to $81.6 billion in 2015 from $86.7 billion last year, London-based ...

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Kuwait appoints deputy prime minister as new oil minister

KUWAIT CITY — Kuwait’s named a new oil minister on Sunday after disputes arose between his predecessor and top executives at state-owned firms. The official Kuwait News Agency, KUNA, reported that a royal decree had named Anas Al-Saleh, the deputy prime minister and finance minister, to also lead the oil ministry. He replaces Ali Al-Omair, who was appointed to lead ...

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