20 Mar 2012
(MENAFN) Kuwait Gulf Oil unveiled plans to boost output of non-associated gas to 400 million cubic ft per day by 2020, state-run news agency KUNA reported.
The company, which is a division of state-run Kuwait Petroleum, also said it seeks to increase production to 500 million cubic ft from its present capacity by 2030.
Managing director Hashim Al-Refae said that the company targets 350 million bpd of oil output by 2015 and sustain this level of production until 2030.
He added that Kuwait Gulf Oil has the ability to reach an oil reserve of 45 million barrels using new technologies that help increase the number of oil producing wells in different locations and earth layers.
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more