KUFPEC is looking at overseas assets to expand its oil assets and reserves. Kuwait has sought to purchase oil related properties internationally, such as as in Southeast Asia in order to meet output targets.
Sovereign wealth funds
Philippine regulator accepts development project proposals under Italy's development program
The Philippines' Department of Finance announced that it had begun to accept development proposals under the Philippines-Italy Debt for Development Swap Program.
Ecuador deficit activates plan to tap into USD18 billion oil in Yasuni National Park
Rafael Correa, President of Ecuador, would be relying on USD18 billion worth of oil resources inside the Yasuni National Park to save the country from going bankrupt.
Japan starts study of LNG joint purchase program next month
The government of Japan announced that by next month, it would begin to thresh out the details of a joint procurement plan for the purchase of liquefied natural gas.
Port Authority of New York,New Jersey sold WTC rights for cheap in 1986 - report
A revelation made by New Jersey newspaper The Record indicated that Port Authority of New York and New Jersey in 1986 sold the name "World Trade Center" for only USD10.
Latest News
KazMunaiGaz purchases Kashagan oil field shares for Kazakhstan. Soon after the blocking the USD5 billion deal for ONGC Videsh Ltd, Kazakhstan soon transferred a 8.
The General Administration of Customs registered above projected numbers in terms of overseas shipments.
An agreement was made between EU Commission and bank officials for a capital hike for the world's oldest bank.
Greek Prime Minister announced on Saturday that the country would return to growth next year as its would exit recession.
European leaders had found a place to breathe their economic struggles in the G20 summit where the region's debt crisis had been on the top agenda.
The UAE railway network's first phase has been completed. The first phase of the multi-billion dollar rail network for UAE is acheduled for inauguration for the end of 2013.
Reuters columnist James Saft wrote in his latest column that a reform change, and not a new central bank governor, could help the falling rupee and the Indian economy.
Reserve Bank of Australia's (RBA) statement on its national currency prompted an opposite reaction to the Aussie dollar and borrowing rates.
A senior official of the Pentagon told Reuters that the US government would be in danger to defaulting weapons contract payments should they halt Egyptian aid.
