عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Fire at Kerosene Production Unit in Kuwait’s Mina Abdullah Refinery under Control

Kuwait’s Mina Abdullah oil refinery. (KUNA)
Kuwait’s Mina Abdullah oil refinery. (KUNA)
TT
20
TT

Fire at Kerosene Production Unit in Kuwait’s Mina Abdullah Refinery under Control

Kuwait’s Mina Abdullah oil refinery. (KUNA)
Kuwait’s Mina Abdullah oil refinery. (KUNA)

The Kuwait National Petroleum Company (KNPC) announced on Wednesday that it had completely put out the fire that broke out in a kerosene production unit in Mina Abdullah's refinery Tuesday, reported the KUNA news agency.

The company's fire department put out the blaze as soon as it occurred at 11:34 pm and no workers were injured in the incident, KNPC's Deputy CEO for Administrative and Commercial Affairs and Spokesman Bassem Al-Essa told the agency.

He added that KNPC is evaluating the damage caused by the fire and has also launched an investigation into the incident.

Meanwhile, Al-Essa noted that the kerosene supplies and the refinery's units were not affected by the fire and are working normally.

Most Viewed

 
Business

Iran's Currency Falls to Record Low against the Dollar as Tensions Run High

A man counts Iranian rials at a currency exchange shop in Basra, Iraq. (Reuters file photo)
A man counts Iranian rials at a currency exchange shop in Basra, Iraq. (Reuters file photo)
TT
20
TT

Iran's Currency Falls to Record Low against the Dollar as Tensions Run High

A man counts Iranian rials at a currency exchange shop in Basra, Iraq. (Reuters file photo)
A man counts Iranian rials at a currency exchange shop in Basra, Iraq. (Reuters file photo)

Iran’s rial currency traded Saturday at a record low against the US dollar as the country returned to work after a long holiday.

The rial had plunged to over 1 million rials during the Persian New Year, Nowruz, as currency shops closed and only informal trading took place on the streets, creating additional pressure on the market, Reuters reported.

But as traders resumed work Saturday, the rate fell even further to 1,043,000 to the dollar, signaling the new low appeared here to stay.

On Ferdowsi Street in Iran’s capital, Tehran, the heart of the country’s money exchanges, some traders even switched off their electronic signs showing the going rate as uncertainty loomed over how much further the rial could drop.