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State-run Kuwaiti energy company, Kuwait Oil Company (KOC) plans to invest more than $6.1 billion in exploration over the next five years, and increase production to 4 million barrels per day by 2040, reports say. An oil source reportedly told Read more
The International Olympic Committee (IOC) Thursday announced it has lifted provisionally the ban it imposed on Kuwait three years ago over a sport law it deemed obstructs the work of the local Olympic committee. “In the interest of Kuwaiti athletes Read more
State-run Kuwait Oil Company (KOC) is planning to develop new oilfields as part of the government’s plan to produce 4 million barrels of oil per day (bpd) by 2020. Several oilfields have been earmarked for development including the Burgan field; Read more