Out of bounds
KPC agrees to fund a $ 6.2 billion project environmental fuel
signed Kuwait National Petroleum Company, on Wednesday signed an agreement with international banks to obtain funding of $ 6.2 billion to finance environmental fuel , which is currently implemented by the company 's project. The project aims to develop the refineries of Al - Ahmadi and Mina Abdullah Committees of the National Petroleum Corporation and includes the construction of 39 new units and modernization of seven units and close another seven, with a focus on producing high - value products such as diesel and kerosene for export.
The total cost of the project 4.680 billion dinars environmental fuel 70 percent of which will be through the financing of Kuwaiti banks and foreign and the rest is self - financing from the company.
controversial OPEC regarding the extension of the reduction of oil production was
quoted by ISNA news agency, on Wednesday, by the Iranian Minister of Oil Bijan Zanganeh as saying that, OPEC will continue to restrict its production but there is a debate among Member States regarding the extension period. He said Zanganeh "may be three months or six or nine." He added that Iran will not cut its production and that Saudi Arabia is trying to push oil prices to rise , according to the agency.
He was quoted by ISNA as saying that for Zanganeh, re - election of President Hassan Rowhani on Friday, helped to remove "obstacles" in front of oil contracts.
The minister said that he did not ask him yet to participate in the new government spiritual.
Gold settles above $ 1250 before the publication of the minutes of the US central meeting
stabilized gold prices above $ 1,250 an ounce ( an ounce) on Wednesday, after falling in the previous session as investors awaited last minutes of a meeting of the Federal Reserve ( the US central bank) due to be published later, on Wednesday, deducing it on the prospects for interest rates.
By 0920 GMT , the price of gold in the spot transactions of $ 1250.27 an ounce , unchanged from Tuesday's price of $ 1250.76 an ounce , while 0.7 percent came down after a two - day gains.
It is scheduled later, on Wednesday, published the meeting of the Market Committee of the Federal Open in early May record.
Gold was down in the US futures contracts June delivery $ 3.60 to $ 1251.90 an ounce.
Gold prices rose three percent since reaching the lowest level in nearly two months to $ 1213.81 an ounce on the ninth of May, due in the basis of the political tension in the United States, after President Donald Trump sacked FBI Director James Comey, which put pressure on the dollar and pushing stock markets to go down.
Among other precious metals silver fell 0.1 percent to $ 17.02 an ounce while platinum down 0.2 percent to $ 938.30 an ounce.
And went up Almadnan in the previous session at their highest levels since late April, and palladium rose 0.4 percent to $ 773.85 an ounce.