Kuwait will produce its first batch of 60,000 barrels of heavy oil a day by 2018, Minister of Oil and Minister of State for National Assembly Affairs Dr. Ali Al-Omair announced here Wednesday.
This remark was made during today's National Assembly session that tackled the country's development plan for the years 2015/2016 and 2019/2020.
The production of heavy oil will be ramped up to 270,000 barrels a day by 2030. Heavy oil production is one of the major projects that are being tackled by the country and "we intend to make the most out of it," the minister stressed.
This vital project will involve constructing four heavy oil reservoirs which will produce 300,000 barrels and will be transferred to the new Al-Zour plant.
Recently, Kuwait Oil Company (KOC), a subsidiary of Kuwait's national oil company "Kuwait Petroleum Corporation" (KPC), signed a contract to develop the country's Ratqa heavy oil field.
Source: KUNA
GMT 20:32 2018 Friday ,30 November
Turkey hails China's 1st import expo, gets ready for next sessionGMT 12:14 2018 Friday ,26 October
Xi welcomes Abe as China-Japan ties thaw over economic cooperationGMT 15:49 2018 Tuesday ,23 October
Cooperation with Rosatom to provide new workplaces for SerbiaGMT 16:28 2018 Friday ,19 October
Presidents give start to construction project of first NPP in UzbekistanGMT 14:54 2018 Wednesday ,17 October
Presidents Putin, al-Sisi sign strategic cooperation treatyGMT 16:09 2018 Saturday ,13 October
Sisi's visit to Russia to promote cooperation in transport fieldGMT 06:07 2018 Saturday ,06 October
S. Korea, Britain agree on cooperation for post-Brexit trade dealGMT 04:17 2018 Thursday ,20 September
Gulftainer signs US$600 million concession to operate Wilmington PortMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor