KUWAIT (Reuters) - OPEC member Kuwait plans to launch a project to clean up what it calls "oil lakes", referring to ground contamination resulting from crude spills during the Iraqi invasion of the ...

Kuwait has discovered a significant amount of oil and gas in the Al-Noukhitha offshore field, estimated at around 3.2 billion barrels of oil equivalent. The discovery includes 2.1 billion barrels of ...

A week ago, Kuwait Oil Company (KOC) announced a significant discovery of light oil and associated gas in the offshore Al-Nokhatha field. Kuwait has revealed ambitions to nearly double its oil output ...

KOC is separately evaluating pilot project proposals submitted on 1 December by about a dozen companies for soil remediation of the Kuwait oil lakes that will require an eventual sum of $3.5 billion ...

In the early hours of Saturday, a fireball lit up the Iranian skyline as an Israeli drone strike hit Phase 14 of the South Pars gas field, one of the world's most vital energy hubs. Within minutes, ...

Kuwait, a key member within the Organization of Petroleum Exporting Countries, is currently producing about 2.7 million barrels per day — YASSER AL-ZAYYAT The Kuwait Oil Company declared a "state of ...

Kuwait's oil export dynamics have undergone a transformation, shifting from crude oil to refined petroleum products. The shift is attributed to the expansion of the country’s refining capacity, ...

Middle East petro-state Kuwait is poised to significantly boost its oil revenues to more than $81.9 billion this financial year, led by robust oil prices. Oil revenues for the fiscal year 2022-2023 — ...