Ukraine's Zelenskyy: Türkiye, Gulf states, European countries could host talks with Putin
Ukrainian President Volodymyr Zelenskyy said on Tuesday that Türkiye, Gulf states or European nations could host potential talks with Russian Preside...
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.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
Türkiye is facing a severe drought that is impacting water resources, shrinking reservoirs and unprecedented shortages affecting daily life, agriculture, and industry.
Azerbaijan, Turkmenistan, and Uzbekistan have strengthened trilateral cooperation, enhancing ties among the Turkic states around the Caspian Sea.
Mohammad Sadr, a member of Iran's Expediency Discernment Council, said in a video interview that Moscow had likely shared sensitive Iranian military data with Israel, enabling precise attacks on air defence sites.
Tajikistan will receive a $50 million concessionary loan to support the construction of the Rogun Hydropwer Plant from the Qatar Development Fund.
Istanbul has stepped up its tsunami preparedness; two districts in the city are joining a UNESCO-backed project to improve early warnings and drills.
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