Saudi Arabia, Kuwait to Resume Producing Oil from Neutral Zone
Resuming production from the Neutral Zone's oilfields will increase the production of Saudi Arabia and Kuwait to 500,000 b/d
Resuming production from the Neutral Zone's oilfields will increase the production of Saudi Arabia and Kuwait to 500,000 b/d
Kuwait plans to boost gas production in the upcoming years in order to limit import expenses.
Kuwait’s port of authority announced on January 17 resuming the operations at the Shuwaikh, Doha and Shuaiba ports after the weather conditions improved.
Al Zour oil refinery is expected to start operations by 2020 with a capacity of 615,000 barrels per day (b/d).
Kuwait and Iraq have selected a consultant to estimate the oil reserves in the areas on the border between the two countries.
The cabinet of the Organization of the Arab Petroleum Exporting Countries holds the 101st meeting in Kuwait to discuss the general secretariat of global oil situation.
A US petrochemical complex owned by Kuwait’s Petrochemical Industries Company (PIC) is expected to start operations by the end of 2019.
Kuwait will continue its crude oil production, exploration and supply to the domestic market despite suffering from torrential rainfalls.
Chinese oil major Sinopec has signed a 2019 annual deal to purchase crude oil from the Kuwait Petroleum Corp (KPC) on October 8.
Abu Dhabi's National Petroleum Construction Co. (NPCC) announced on October 2 that it had won a $231 million construction contract from the Kuwait Oil Company.