24 Nov 2010
(MENAFN) Kuwaiti authorities have successfully operated the recently-installed early-production oil facility in the north, whose productivity is forecast to reach 120,000 barrels per day (bpd), Kuna reported.
Sami Al-Rushaid, the Managing Director of Kuwait Oil Co. (KOC), said in a statement that this installation would lift the daily output of the North Kuwait oil fields to 700,000 bpd, currently, and to 820,000 bpd, once it has been fully operated in the near future.
The national company has depended on its potentials and resources for hiking the productivity of some of the northern oil fields, along with some foreign aid.
The KOC aspires to hike the national output of the crude oil to four million bpd by 2020. Last October, it succeeded in upping the production to three million bpd after inaugurating several strategic projects, designed to increase the overall national productivity of the crude.
24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year