21 Sep 2010
(MENAFN) Officials at Kuwait Oil Co (KOC) said that the company is planning to hike oil output in the country’s northern fields to 850,000 barrels per day by the end of December, Kuwait Times reported.
The officials said that the state-owned KOC, in charge of the Gulf emirate’s oil exploration, was in negotiations with several foreign firms to further develop the northern fields.
Kuwait is the fourth-largest exporter of the Organization of Petroleum Exporting Countries (OPEC) and boasts around 10 percent of the world’s proven oil reserves.
Oil Minister Sheikh Ahmad Al-Abdullah Al-Ahmad Al-Sabah said in April the country’s crude output capacity stood at three million barrels per day.
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
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
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