19 Sep 2012
(MENAFN) Kuwait Oil Company’s (KOC) director, Sami Al-Rushaid, stated that as a result of strong demand, during the coming few months, the country will maintain its oil output at 3 million barrels per day (bpd), reported Arabian Business.
Al-Rushaid said that last month, the Arab Gulf oil producer increased its daily output to nearly 3 million barrels, up by 600,000 barrels per day from July.
He added that in August, the top three Gulf producers boosted their production by nearly 400,000 bpd from a month earlier, stressing that the notable increase in the emirate’s production offset reductions by Saudi Arabia and the UAE.
It is worth noting that KOC is producing around 700,000 bpd from the country’s northern fields, with the amount expected to reach 1 million bpd in 5 years.
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