Oil-rich Kuwait warns welfare state unsustainableOil-rich Kuwait said Monday that the generous cradle-to-grave welfare system provided to its 1.2 million citizens was "unsustainable" and it was time for change.
Australia, US, France urge Antarctic protected areasAustralia, New Zealand, the United States, France and the EU on Wednesday stepped up pressure on Russia for a swift agreement to create vast Antarctic marine sanctuaries.
Venezuela holds US-operated oil ship in spat with GuyanaVenezuela on Friday said it has detained a US-operated oil exploration ship sent from Guyana in disputed waters off its coast, in a fresh border spat between the two neighbors.
13 October 2013
Kashagan oil may be partially supplied to ChinaEvery participant of the consortium has a right to sell oil individually and, thus, the route, destination and prices depend on the participants of the consortium working at Kashagan: Minister.
Third string of Kazakhstan-China pipeline to be launched in 2016We currently transport over 63 billion cubic meters of gas to China via two strings of this pipeline. Construction of the third string has started and it is scheduled to be launched in 2016: Sauat Mynbayev.
Saudis take to Twitter to demand better payDespite their country boasting the world's greatest oil wealth, many Saudis complain their salaries are not enough to make ends meet, and are taking to Twitter to demand more money.
07 October 2013
Crude production resumed at Kashagan oilfield“October 6, upon completion of all the repairs, the wells at the oilfield have been restarted (…) production was resumed with no complications”, according to the country’s Oil and Gas Ministry.
Crude production at Kashagan to be resumed in a few daysCrude production was suspended September 25 due to some faults of the gas pipeline. According to first estimates, the repairs were supposed to take 3-4 days. However, oil production hasn’t been resumed yet.
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