28 Apr 2010
(MENAFN) A top executive at Kuwait Oil Co (KOC) said that the country plans to quadruple its gas production to more than 4 billion cubic feet per day (cfd) of gas by 2030, Reuters reported.
Deputy managing director for planning and gas at KOC, Mohammad Husain, said that Kuwait currently pumps about 1 billion cfd of gas from oilfields, and 145 million cfd from gas fields not associated with oil.
Husain explained that the 4 billion cfd target would include a huge rise in non-associated gas output to 2.7 billion cfd. The non-associated gas would come from the neutral zone the country shares with neighbour Saudi Arabia and from fields within Kuwait, he said.
It is worth mentioning that Kuwait does not have sufficient amounts of natural gas to meet power demand and it burns a large volume of oil products at power stations. The country has been slow to develop its gas reserves to meet domestic demand.
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