Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait oil min says looking to import Iranian natural gas  Join our daily free Newsletter

MENAFN - Arab Times - 03/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Wait city june 2 (agencies): kuwait's oil minister said his country was looking to sign an agreement with iran to secure much-needed natural gas supplies. the minister's comments to the state news agency kuna late on sunday came on the sidelines of a visit by kuwait's amir to iran the first by a ruler of the us-allied gulf arab state since the 1979 islamic revolution. 'iran has large quantities of gas and kuwait is in need of iranian gas through cooperation between the two countries' kuna quoted ali saleh al-omair as saying while in tehran. the oil-rich opec producer lined up 15 billion worth of gas supply from bp and royal dutch shell last month to help meet soaring demand. kuwait also signed a contract to import liquified natural gas (lng) from fellow gulf state qatar to help meet its energy needs to the end of 2014 in april. iran sealed a preliminary agreement to export gas to the gulf state of oman in march after an agreement dating back to 2005 was revived during a visit of iranian president hassan rouhani to the capital muscat. demand for gas in the gulf cooperation council (gcc) states is rising on the back of growing populations and an industrial boom.

deal

still some analysts have said that iran which holds the world's largest gas reserves is unlikely to provide a quick supply fix for gas-hungry gulf states even if it reaches a deal with world powers over its nuclear programme and sanctions are lifted. iran has been prevented from exporting much of its natural gas because of western sanctions over its contested nuclear programme. meanwhile kuwait's crude oil exports to japan fell 35.0 percent in april from a year earlier to 5.30 million barrels or 177000 barrels per day (bpd) for the first decline in two months government data showed. as japan's fifth-biggest oil provider kuwait supplied 5.0 percent of the asian nation's total crude imports the japanese natural resources and energy agency said in a preliminary report.

japan's overall imports of crude oil slid 4.3 percent year-on-year to 3.53 million bpd for the second consecutive monthly decline. shipments from the middle east accounted for 79.9 percent of the total down 1.5 percentage points from a year before. saudi arabia remained japan's no.1 oil supplier although imports from the kingdom shrank 4.5 percent from a year earlier to 1.15 million bpd followed by the united arab emirates with 869000 bpd up 17.4 percent. qatar ranked third with 426000 bpd and russia fourth with 322000 bpd respectively. japan is the world's-third biggest oil consumer after the us and china. but in its annual energy outlook released last month the us energy information administration predicted india will take over japan by 2025.


 


Arab Times




  MENA News Headlines
 Oct 30 2014 - UAE- Hawaii lava flow reaches home threatens townKhaleej Times
(MENAFN - Khaleej Times) Red-hot lava from a slow-erupting volcano has reached a home on Hawaiis Big Island and is threatening an entire town emergency officials said Tuesday. The lava flow from ...

 Oct 30 2014 - UAE- Slow-moving lava creeps closer to Hawaii homesKhaleej Times
(MENAFN - Khaleej Times) A branch of the molten stream was less than 100 yards (90 meters) from a two-story house.This photo provided by the US Geological Survey shows the lava flow from Kilauea ...

 Oct 30 2014 - UAE- Mudslide buries Sri Lanka tea labor quartersKhaleej Times
(MENAFN - Khaleej Times) The military has mobilized troops to help in the rescue operations. Colombo Sri Lanka: A mudslide in central Sri Lanka has buried several rows of workers’ houses at a ...

 Oct 30 2014 - UAE- 10 people killed 200 missing in Sri Lanka after mudslidesKhaleej Times
(MENAFN - Khaleej Times) A local hospital source said that two men and a woman rescued from the mud had been brought in for treatment. Colombo: Around 200 people were reported missing and 10 ...

 Oct 30 2014 - UAE- Heavy rains continue in Telangana two deadKhaleej Times
(MENAFN - Khaleej Times) Two women both sisters were washed in the swirling waters of a rivulet near Madgula village in Guntur district of Andhra Pradesh as heavy rains caused by Cyclone Nilofar ...

 Oct 30 2014 - UAE- Magnitude 6.1 earthquake hits near Samoa: USGSKhaleej Times
(MENAFN - Khaleej Times) A police spokeswoman in the capital Apia told Reuters by telephone that the quake had not been felt in the city and that she was unaware of any damage. Sydney: A 6.1 ...

 Oct 30 2014 - Ottawa shooting was madmans last desperate act says motherKhaleej Times
(MENAFN - Khaleej Times) Susan Bibeau said her estranged son had wanted to travel to Saudi Arabia to study Islam and the Quran not Syria to join militant fighters. Michael Zehaf-Bibeau killed by ...

 Oct 30 2014 - UAE- Kidnapped women used by Boko Haram on front line: Rights groupKhaleej Times
(MENAFN - Khaleej Times) Suspected militant fighters kidnapped about 30 children including girls as young as 11 in Borno state at the weekend. Lagos: Boko Haram has used kidnapped young women and ...

 Oct 30 2014 - Ottawa gunman made video before attack: PoliceKhaleej Times
(MENAFN - Khaleej Times) Michael Zehaf-Bibeau who was shot dead by police in the parliament in Ottawa after killing a soldier Wednesday was mentally ill and wanted to die his mother wrote in a ...

 Oct 30 2014 - UAE- Nepal bus crash kills 14 injures dozens: PoliceKhaleej Times
(MENAFN - Khaleej Times) Among those killed Friday were two people including a woman who was part of a group heading to the Langtang trekking area. Katmandu: A Nepal bus packed with people ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help