Neutral Zone
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Production Restarts at Wafra Oilfield
Monday, 6th July 2020
Crude oil production resumed on July 1 at the Wafra oilfield, which is a joint venture between Kuwait and Saudi Arabia.
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Kuwait, Saudi Arabia Set to Resume Production at the Neutral Zone
Tuesday, 23rd June 2020
Kuwait and Saudi Arabia have plans in place to resume oil production at the Neutral Zone at jointly-operated Khafji and Wafra oilfields on July 1.
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Kuwait Exports First Oil Shipment From The Neural Zone
Monday, 6th April 2020
Kuwait Oil Ministry announced the exporting of the first shipment of oil from joint operations in the neutral zone between Kuwait and Saudi Arabia.
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Kuwait to Raise Production to 4 MMBBL/D by 2040
Thursday, 27th February 2020
Kuwait commenced operations in the country's largest heavy oil project, located in the north, under the framework of raising its production capacity to 4 million barrels per day (mmbbl/d) by 2040.
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Kuwait Starts Production Trials from Al Wafra, Al Khafji Fields
Wednesday, 19th February 2020
The Minister of Oil, Electricity and Water, Khaled Al Fadhel announced the beginning of trial production from the fields of Al Wafra and Al Khafji at the neutral zone.
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Production to Resume in Wafra Field
Sunday, 26th January 2020
Wafra field, located in the Neutral Zone, will restart its oil production by March, according to Khaled Al-Fadhel, Kuwaiti Oil Minister.
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Kuwait’s Neutral Zone Oil Production to Reach 250,000 BBL/D
Sunday, 12th January 2020
Kuwait’s Minister of Oil, announced that production from the Neutral Zone is expected to reach 250,000 barrels per day (bpd).
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Kuwait, Saudi Arabia Move Forward with Dorra Field’s Development Plan
Wednesday, 8th January 2020
Kuwait and Saudi Arabia have brought in an international consultant to study the development plan for the Dorra offshore natural gas field and to determine both countries' shares in produced natural gas.
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Saudi Arabia to Commence New Project at Dorra Field
Sunday, 29th December 2019
Prince Abdulaziz bin Salman, Saudi Energy Minister, announced that they would soon commence a new project at the Dorra offshore gas field.
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Kuwait and Saudi Arabia’s Agreement Ends Neutral Zone Dispute
Wednesday, 25th December 2019
Kuwait and Saudi Arabia agree to resolve the conflict over the Neutral Zone.
Latest News
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Egypt, Palestine to Develop Gaza Gas Field
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Commodity CMDTY | Units | Price | Change |
Crude Oil (WTI) WTI | USD/bbl | 63.71 | +0.78% |
Crude Oil (Brent) Brent | USD/bbl | 67.62 | +0.87% |
NYMEX Natural Gas | USD/MMBtu | 2.85 | -0.87% |
OPEC Basket Price | USD/bbl | 63.73 | +2.79% |
Last Modified February 25, 2021