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Kuwaiti oil exports down 3% in 2013: report

: Monday, March 31 - 2014 @ 01:55

The National Bank of Kuwait (NBK) has said that Kuwait’s oil exports edged down to KD30.8bn ($109.5bn) in 2013, down 3% compared with the earlier year’s figures, Kuna has reported. The drop was a result of a fall in international oil prices in 2013, triggered off by huge oil production by non-OPEC members and moderate world demand for oil, the NBK report said. Kuwait’s oil prices averaged $105 per barrel (pb) last year, $4 lower than 2012, the lender said.

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Monday, March 31- 2014 @ 1:55 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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