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.
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.
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More than 700 migrants have reached Spain's Canary Islands and the coast in the past day. According to the country's interior ministry some 3 thousand irregular migrants reached the Spanish archipelago in 2025.
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A hotel fire at Türkiye's Kartalkaya Ski Resort claimed 76 lives and injured 51. The blaze started early Tuesday, prompting a large-scale emergency response.
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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.
A deadly fire at Kartalkaya ski resort in Türkiye killed 76 and injured 51. Nine suspects detained as investigations continue into the tragedy.
The long-awaited snowfall in Algeria has transformed the Chrea Mountains in Blida into a winter paradise, bringing joy to visitors and a boost to local businesses.
More than 700 migrants have reached Spain's Canary Islands and the coast in the past day. According to the country's interior ministry some 3 thousand irregular migrants reached the Spanish archipelago in 2025.
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