Kuwait's al-Zour Refinery Now Fully Operational, KIPIC Says

Asharq Al Awsat

11:35-3 December 2023 AD ـ 21 Jumada Al-Ula 1445 AH

Asharq Al Awsat

11:35-3 December 2023 AD ـ 21 Jumada Al-Ula 1445 AH

Kuwait's al-Zour Refinery Now Fully Operational, KIPIC Says

Kuwait Integrated Petroleum Industries Company (KIPIC) said in a statement on Sunday that the third and final units at the al-Zour refinery are now operational.

The plant is now fully operational and refining capacity will increase to 615,000 barrels per day (bpd) from 410,000 bpd, the statement said.

Türkiye Sees ‘Genuine’ Disinflation Prospects, Says Central Bank Deputy Governor

People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)

09:54-14 May 2025 AD ـ 17 Thul-Qi’dah 1446 AH

Türkiye Sees ‘Genuine’ Disinflation Prospects, Says Central Bank Deputy Governor

People walk as simit, a traditional Turkish bagel, are displayed at a stall for sale at Eminonu district in Istanbul, Türkiye, April 23, 2025. (Reuters)

Türkiye is facing genuine disinflation prospects, its deputy central bank governor said on Wednesday, adding that it was replenishing reserves following the hit to them in the wake of recent political turmoil.

"For the first time, I believe we are facing genuine disinflation prospects in the true sense of the world," Central Bank Deputy Governor Osman Cevdet Akcay said during a panel discussion at the European Bank for Reconstruction and Development annual meeting in London.

"So, we might see a break in inflation numbers suddenly to be sustained."

He added the central bank was rebuilding the country's reserves "slowly but surely."

Kuwait's al-Zour Refinery Now Fully Operational, KIPIC Says

Kuwait's al-Zour Refinery Now Fully Operational, KIPIC Says

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Türkiye Sees ‘Genuine’ Disinflation Prospects, Says Central Bank Deputy Governor

Türkiye Sees ‘Genuine’ Disinflation Prospects, Says Central Bank Deputy Governor

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