Kuwait's sovereign fund has grown at a record rate of about $700 billion, qualifying it as one of the three largest sovereign funds around the world in terms of assets, Bloomberg quoted a source as saying early Saturday. Kuwait views the Future Generations Reserve Fund as a national project designed to prepare for post-oil life. Kuwait Sovereign Fu…

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Dr. Adnan Bahia

As reported in SOMO,

January revenue: $4.739 billion: February: $5,000 billion. Thus, the total revenue for only six months is approximately $33 billion (according to Sumo)

 If we calculate the revenues of the month of July, which came to an end, where sales contracts were signed for July (as stated by the official spokesman of the…

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With a capacity of 100,000 barrels and a quantity of 20 million standard cubic feet Oil Minister opens gas isolation plant upgrade project in Abu Gharbia field in Maysan province.

 The oil minister stressed that the ministry has fulfilled its obligations with international companies despite economic, financial, health and other challenges.

Oil Mini…

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The Oil Ministry announced Tuesday the preliminary statistics on the quantities exported from crude oil and revenues for the month of May, while confirming that financial revenues reached (5) billion and (899) million dollars.

 "Total exports and revenues for the past may, according to preliminary statistics issued by the Iraqi oil marketing compan…

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The meeting noted the continued strengthening of the fundamentals of the oil markets, as oil demand showed clear signs of improvement and declining OECD inventories as economic recovery continued in most parts of the world as vaccination programs accelerated.

The meeting welcomed the positive performance of the countries participating in the Declar…

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