Categories: Business

Kuwait plans to increase daily gas production


Mon, 2022-09-19 00:20

KUWAIT CITY: Kuwait Petroleum Corp.’s chief executive said on Sunday the Gulf state currently produces more than 2.8 million barrels per day of oil in accordance with its quota set by the Organization of the Petroleum Exporting Countries.

Sheikh Nawaf Saud Al-Sabah also said Kuwait has plans to increase crude oil production whenever the market needs it, but currently the customers of the state-owned corporation still demand the same volumes with no change. Kuwait produces 650 million cubic feet of gas per day, and plans to increase it to 1 billion, he added.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Arab News | Trump says he is talking to Russia and China about denuclearization

WASHINGTON: US President Donald Trump said on Thursday Washington is holding talks with ​Moscow and…

1 hour ago

Arab News | China tells Israel to stop its ‘forced establishment’ of West Bank settlements

BEIJING: Chinese Foreign ​Minister Wang Yi told Israeli President Isaac Herzog that ‌his country should…

2 hours ago

Is women’s health content being ‘shadowbanned’?

When Irene Breen got a notification in January 2025 that Instagram was removing adverts for…

2 hours ago

Arab News | With anger spreading over Iran war, Democrats hope to flip Republican seats with veterans’ help

COLORADO SPRINGS, Colorado: The doorbell chimed “The Star Spangled Banner” as retired Col. Lou Christensen…

2 hours ago

Arab News | Rubio urges Lebanon to not return confiscated explosives to Hezbollah, US official says

WASHINGTON: US ​Secretary of State Marco Rubio spoke with Lebanese President Joseph Aoun about the…

3 hours ago

Arab News | 5 people believed dead following shooting at Oregon elementary school

Authorities believe at least five people are dead following a shooting at an elementary school…

3 hours ago