Close Menu
    What's Hot

    Developing Asia-Pacific economy set to grow 5% in 2026

    September 24, 2026

    Abdullah bin Zayed joins Trump talks with regional leaders

    September 23, 2026

    Egypt remittance inflows reach $29.7 billion by July 2026

    September 22, 2026
    Facebook X (Twitter) Instagram
    Gulf NewsnetGulf Newsnet
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Gulf NewsnetGulf Newsnet
    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 LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp 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 Telegram Email

    Related Posts

    Developing Asia-Pacific economy set to grow 5% in 2026

    September 24, 2026

    Egypt remittance inflows reach $29.7 billion by July 2026

    September 22, 2026

    China holds 3% one-year LPR and 3.5% mortgage benchmark

    September 21, 2026
    Latest News

    Developing Asia-Pacific economy set to grow 5% in 2026

    September 24, 2026

    Abdullah bin Zayed joins Trump talks with regional leaders

    September 23, 2026

    Egypt remittance inflows reach $29.7 billion by July 2026

    September 22, 2026

    Typhoon Dujuan hits eastern Japan with heavy rain

    September 21, 2026
    © 2026 Gulf Newsnet | All Rights Reserved
    • Home
    • Contact Us

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