General

Iraq and US Collaborate on New Floating Gas Platform

Baghdad: The Iraqi Ministry of Electricity has signed a contract with Texas-based Excelerate Energy to establish a floating storage regasification unit (FSRU) as part of Iraq’s efforts to secure alternative sources for supplying natural gas to power p…

Kuwait Oil Price Declines to USD 68.80 Per Barrel

Kuwait city: The price of Kuwaiti crude oil saw a decrease of 83 cents, settling at USD 68.80 per barrel on Monday. This follows a previous price of USD 69.63 per barrel on Friday, as reported by the Kuwait Petroleum Corporation (KPC) on Tuesday.

Ac…