close
KUWAIT: HH the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah received at Bayan Palace on Monday Oil Minister Tareq Al-Roumi, Chief Executive Officer Kuwait Petroleum Corporation Sheikh Nawaf Saud Al-Nasser Al-Sabah and the CEO of Kuwait Oil Company Ahmad Jaber Al-Eidan. – KUNA
KUWAIT: HH the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah received at Bayan Palace on Monday Oil Minister Tareq Al-Roumi, Chief Executive Officer Kuwait Petroleum Corporation Sheikh Nawaf Saud Al-Nasser Al-Sabah and the CEO of Kuwait Oil Company Ahmad Jaber Al-Eidan. – KUNA

KUWAIT MAKES HUGE HYDROCARBONS FIND

Amir receives top oil executives

KUWAIT: Kuwait Oil Company announced on Monday the discovery of commercial volumes of hydrocarbons in the maritime Al-Julaia field, located within Kuwait’s territorial waters. KOC said in a statement to KUNA that the discovery is the latest of a series of continuous discoveries, solidifying Kuwait’s status as a major producer of oil and gas in the region, in implementation of the exploration strategy in Kuwait’s maritime region.

It added that tests at Al-Zubair geological trap (from the Cretaceous period) at the well Julaia-2 forecast feasible productivity. Stretching across a 74-sq-km plot of land, it harbors 800 million barrels of medium-density oil free from hydrogen sulfur gas with low proportion of carbon dioxide, in addition to 600 billion standard cubic feet of associate gas, equivalent to some 950 million barrels of oil.

The discovery is a significant addition to hydrocarbons in Kuwait, the statement said, indicating that it would boost forecasts of more discoveries dating back to the same period, noting that the Al-Julaia field is the second in the current exploration plan after the discovery of the Al-Nokhaza maritime field in July 2024. — KUNA

The rush to speculate in the stock market has created victims, and these victims are often easy targets for those who claim to be knowledgeable. This, in my view, is one of the most pressing issues in our society. People exchange information without...
By Farah AlHashem The ceasefire agreement between the Zionist entity and Hamas, brokered in January 2025, marks a pivotal moment in the ongoing conflict that has shaped the Zionist entity’s future. Following the Oct 7 attacks, known as the “Al-A...
MORE STORIES