Kuwait expects to raise its oil output capacity to 3.165mn bpd by the end of this year as upstream development projects continue to move ahead, adding 165,000 bpd to the current three million bpd
Exploration & Production
Qatar crude production rises in February by 8.63 per cent
Qatar’s crude oil production increased to 692,000 bpd in February 2016, compared with 637,000 bpd in January, QNB has said in a new report
Saudi Aramco continues Khurais oil field expansion despite oil price slump
Saudi Aramco has chosen not to cancel its Khurais oil field expansion despite falling oil prices, according to its President Amin Nasser
BP and Kuwait Petroleum Corporation sign framework agreement
BP and Kuwait Petroleum Corporation (KPC) have signed a framework agreement on 31 March in order to explore possible joint opportunities for investment and cooperation in future oil, gas, trading and petrochemicals ventures, according to BP
GE Oil and Gas marks groundbreaking of new manufacturing and service facility in Dammam
GE Oil & Gas has marked the groundbreaking of its multi-modal manufacturing and service facility in a ceremony at their MODON Saudi Industrial Property Authority site in 2nd Industrial City, Dammam