Close Menu
    Trending
    • Cantor Receives ADGM Approval, Expanding Middle East Investment Banking Platform
    • Sports Boulevard and OVG Middle East Partner to Operate Global Sports Tower
    • ZTE Releases Sustainability Report 2025: Driving a New Chapter in Sustainable Development Through AI
    • Fruit Attraction 2026 on Track as Exhibition Space Tops 90% Capacity
    • Abanos Demonstrates Carbon Sequestration at Scale by Using Palm Strand Board (PSB®) Across Major UAE Fit-Out Projects
    • Esports World Cup 2026 to be Hosted in Paris, France
    • Japan and South Korea launch energy security framework
    • HUMAIN and Accenture Accelerate AI Adoption at Scale Across Public and Private Sectors in Saudi Arabia
    GCC EyesGCC Eyes
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    GCC EyesGCC Eyes
    Home » Kuwait and Saudi Arabia reach agreement on joint offshore gas development
    Business

    Kuwait and Saudi Arabia reach agreement on joint offshore gas development

    March 21, 2022
    Facebook WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    The energy ministers from Kuwait and Saudi Arabia finalized a development plan for their joint offshore gas field, Dorra, which is capable of producing 84,000 barrels of gas condensate per day and one billion cubic feet of natural gas per day. The development plan, signed by Dr. Mohammad Al-Fares and his Saudi counterpart Prince Abdulaziz bin Salman, envisions using cutting-edge and environmentally friendly techniques to ramp up gas output from the vital project.

    Kuwait and Saudi Arabia reach agreement on joint offshore gas developmentThe project is a joint venture between Gulf Oil Company of Kuwait and Aramco Gulf Operations Company of Saudi Arabia. As per the agreement, gas output will be distributed equally among the neighboring Arab countries of the Gulf at a time when soaring consumption has brought about a rise in energy demands for the two countries. Dorra is situated in the Kuwait-Saudi Neutral Zone, where the production is split equally between the two countries.

    Related Posts

    GME posts strongest trading week in two decades

    May 19, 2026

    Dubai Green Corridor keeps cargo moving during disruptions

    May 18, 2026

    Air Arabia Q1 profit slips as regional disruption bites

    May 15, 2026

    South Korea ICT exports hit $42.7 billion in April

    May 14, 2026

    EMSTEEL Q1 net profit jumps as margins widen

    May 14, 2026

    India unveils sovereign-backed maritime insurance pool

    May 14, 2026
    Latest News

    Japan and South Korea launch energy security framework

    May 20, 2026

    South Korea launches $665.5 million industrial growth fund

    May 20, 2026

    Etihad expands Paris route with double daily A380 flights

    May 20, 2026

    GME posts strongest trading week in two decades

    May 19, 2026
    © 2026 GCC Eyes | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.