Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    EMSTEEL Q1 net profit jumps as margins widen

    May 14, 2026

    Pakistan suicide bombing kills 10 in Lakki Marwat

    May 13, 2026

    ADNOC Gas posts resilient Q1 profit despite disruption

    May 13, 2026
    • Home
    • Contact Us
    Ceylon IndependentCeylon Independent
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Ceylon IndependentCeylon Independent
    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 Twitter Pinterest LinkedIn Telegram Tumblr Email

    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.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    EMSTEEL Q1 net profit jumps as margins widen

    May 14, 2026

    ADNOC Gas posts resilient Q1 profit despite disruption

    May 13, 2026

    ADB commits $30 billion for ASEAN by 2030

    May 9, 2026

    Egypt secures $1 billion World Bank reform support

    May 9, 2026

    Nikkei 225 closes at record after topping 62000

    May 7, 2026

    Pakistan clears donkey meat exports to China from Gwadar

    May 5, 2026
    Latest News

    EMSTEEL Q1 net profit jumps as margins widen

    May 14, 2026

    EMSTEEL reported AED 2.2 billion in Q1 2026 revenue as EBITDA rose 82% and net profit climbed 246% on wider margins for the Abu Dhabi group.

    Pakistan suicide bombing kills 10 in Lakki Marwat

    May 13, 2026

    ADNOC Gas posts resilient Q1 profit despite disruption

    May 13, 2026

    Measles outbreak in Bangladesh leaves toll at 415

    May 12, 2026

    Mayon eruption widens farm toll as crop checks continue

    May 11, 2026

    UAE and Austria deepen strategic partnership talks

    May 9, 2026

    ADB commits $30 billion for ASEAN by 2030

    May 9, 2026
    © 2026 Ceylon Independent | All Rights Reserved
    • Home
    • Contact Us

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