Kuwait Oil Company discovers 800M barrels of oil and 600B cubic feet of gas at Al-Jlaiaa, boosting energy ambitions and plans for a 40% production capacity expansion.
Kuwait Oil Company (KOC) has discovered significant hydrocarbon reserves at the Al-Jlaiaa offshore field, with 800 million barrels of medium-density oil and 600 billion cubic feet of gas, according to Arabian Gulf Business Insight (AGBI).
This follows a July 2024 discovery at Al-Nokhatha field with 3.2 billion barrels of oil equivalent.
KOC is conducting a 6,000 sq km exploratory survey to locate more reserves. Kuwait, OPEC’s fifth-largest producer, aims to boost its current production capacity of 2.48 million barrels per day (bpd) to 4 million bpd by 2035. Despite global demand concerns, plans include a 40% capacity expansion, as stated by Khaled Al Sabah, CEO of Kuwait Oil Tanker Company.
Kuwait’s economy contracted 4% in Q3 2024 due to OPEC cuts and weak non-oil performance but is forecasted to recover in 2025, per the Kuwait Statistical Bureau.
At least 15 people have been killed after a rain-triggered landslide sent huge boulders crashing onto a private bus in India’s northern state of Him...
U.S. President Donald Trump has expressed his disappointment in his Russian counterpart Vladmir Putin with regards to the ongoing war in Ukraine....
Fred Ramsdell of Sonoma Biotherapeutics was hiking and "off grid" and so could not be reached by the Nobel Committee to let him know he had won the Pr...
Euro zone finance ministers are set to meet on Thursday to explore ways to boost the development of euro-denominated stablecoins, amid concerns that t...
The Taliban have once again reiterated their stance on the Bagram air base, stating that no one will be allowed to take control of it....
Sixty-three people suffered methanol poising from impure alcoholic drinks since Saturday (9 August), Kuwait’s health ministry said. It resulted in 13 deaths and 21 cases of blindness or impaired vision.
Azerbaijan and Kuwait have formalized plans to cooperate in the field of agriculture through a newly approved memorandum.
The U.S. State Department has approved a potential $425 million sale of Patriot missile systems equipment and support services to Kuwait, the Pentagon said on Wednesday.
Uzbekistan and Kuwait have signed a memorandum of understanding aimed at facilitating trade between the two nations. The agreement was formalized during the Uzbek-Kuwaiti Intergovernmental Commission on Trade, Economic, and Scientific-Technical Cooperation meeting.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
President Ilham Aliyev welcomed the heads of state and government participating in the 12th Summit of the Council of Heads of State of the Organization of Turkic States, held in Gabala on October 7.
President of the Republic of Azerbaijan Ilham Aliyev met with Gurbanguly Berdimuhamedov, Chairman of the Halk Maslahaty of Turkmenistan, on 7 October in Gabala.
Kazakhstan’s oil exports to Germany are expected to grow in 2026 following an extension of the existing supply agreement, according to Askhat Khasenov, Chairman of the state energy company Kazmunaigaz.
Georgian prosecutors have charged five opposition figures with attempting to overthrow the government, following weekend protests that turned violent in the capital Tbilisi.
The Iranian Navy Commander Rear Admiral Shahram Irani is currently in Russia to participate in the meeting of the Caspian Sea Naval Chiefs taking place in St Petersburg.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment