The National Iranian Oil Company (NIOC) plans to offer crude oil and condensates for a considerable discount.

Kuwait Oil Company (KOC) has pre-qualified 17 international companies to bid for a project to increase natural gas production in its northern fields.

Light crude production in Kuwait is expected to increase reaching 250,000 barrels per day (b/d) in the next three years, and 300,000 b/d by 2023.