Close Menu
    What's Hot

    Botswana diamond output rises 14% as economy shows recovery

    November 5, 2026

    Gold hits two-week high as dollar slips after US midterms

    November 5, 2026

    Modi launches Pune Metro projects worth ₹21,800 crore

    November 4, 2026
    Rak BuzzRak Buzz
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Rak BuzzRak Buzz
    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 WhatsApp Twitter Pinterest LinkedIn Telegram Tumblr Email Reddit VKontakte

    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.

    Related Posts

    Botswana diamond output rises 14% as economy shows recovery

    November 5, 2026

    Gold hits two-week high as dollar slips after US midterms

    November 5, 2026

    Indonesia’s non-oil exports drive $10.61bn trade surplus

    November 3, 2026

    FirstRand joins African lenders eyeing Kenya bank acquisitions

    November 3, 2026

    Korea’s chip exports soar 259% as October shipments hit record

    November 2, 2026

    Kenya targets 150,000 tonnes of coffee with new varieties

    October 31, 2026
    Latest Headlines

    Botswana diamond output rises 14% as economy shows recovery

    November 5, 2026

    – Botswana’s diamond production has risen 14% this year, helping the economy recover from a two-year slump, as the government raised its 2026 growth forecast to 3.8%. The Ministry of Finance had initially forecast growth of 3.1%. Output reached 15.1

    Gold hits two-week high as dollar slips after US midterms

    November 5, 2026

    Modi launches Pune Metro projects worth ₹21,800 crore

    November 4, 2026

    MEAPMP Launches: Revamped Independent Ad-Tech & Premium Media Buying Across MEA

    November 3, 2026

    Abu Dhabi signs four OpenAI deals as Sheikh Khaled meets Altman

    November 3, 2026

    Indonesia’s non-oil exports drive $10.61bn trade surplus

    November 3, 2026

    UAE President and Bavaria’s Söder discuss expanding cooperation

    November 3, 2026

    FirstRand joins African lenders eyeing Kenya bank acquisitions

    November 3, 2026
    © 2023 Rak Buzz | All Rights Reserved
    • Home
    • Contact Us

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