Latest news with #KuwaitiMinistryOfOil
Zawya
21-07-2025
- Business
- Zawya
Kuwaiti-Saudi joint cmte holds 118th meeting to advance oil coop.
KUWAIT -- The 118th meeting of the Kuwait-Saudi permanent joint committee was held on Sunday at the headquarters of Al-Khafji Joint Operations Area, chaired by Undersecretary of the Kuwaiti Ministry of Oil Sheikh Dr. Nimer Fahad Al-Sabah and Saudi Assistant Minister of Energy Mohammad Al-Ibrahim. According to a statement by the Kuwaiti Ministry of Oil, the meeting reviewed operational reports from the onshore and offshore divided zones, covering strategic plans, current and future projects, challenges, and the use of advanced technologies in oil operations. The committee expressed pride in the recent discovery of a new oil reserve at the North Wafra-Wara-Burgan field in May, calling it a reflection of the strong strategic cooperation between the two countries in managing shared natural resources. The well (Wara Burgan-1) is producing over 500 barrels per day, showcasing the technical capabilities and collaboration of both nations' national workforces. Discussions also addressed emergency response plans, operational procedures, and ongoing efforts to improve capabilities and performance. The committee praised the dedication of the Kuwaiti and Saudi teams in achieving joint goals and crafting a unified strategy that aligns with both nations' energy interests. Sheikh Nimer stressed the importance of holding regular committee meetings to assess operations, explore development plans, train local talent, and apply cutting-edge technologies throughout oil production phases. He also thanked his Saudi counterpart for the positive and cooperative spirit shown, emphasizing the value of continued coordination between both ministries to facilitate joint oil projects in Al-Khafji and Wafra. Established under the 1965 agreement to divide the Neutral Zone, this committee reports directly to the oil ministers of both countries and oversees matters such as workforce facilitation, resource management, and licensing in the divided zone. The committee meets biannually under normal circumstances and submits its findings and recommendations to the ministers. The agreement on the division of the submerged area near the divided zone was signed with the Saudi side in 2000, in addition to the signing of the memorandum of understanding on the re-production of the divided zone in December 2019, all of which are considered attached to the 1965 agreement on the division of the neutral zone. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (
Zawya
28-05-2025
- Business
- Zawya
Riyadh hails oil discovery as step for energy coop. with Kuwait
RIYADH --- The Saudi Cabinet on Tuesday lauded the new oil discovery in in the partitioned zone between Saudi Arabia and State of Kuwait as a positive step towards a further cooperation in the energy sector. This came during the Saudi Cabinet's meeting, chaired by Crown Prince and Prime Minister Prince Mohammad bin Salman, according to the kingdom's official news agency. The cabinet said that recent oil discovery would lead to promoting Saudi-Kuwait cooperation in energy and continuing joint discovery and development efforts. The Governments of Kuwait and Saudi Arabia on Monday declared a new oil discovery in the partitioned zone, said the Kuwaiti Ministry of Oil. They announced that Wafra Joint Operations had made a new oil discovery in (North Wafra Wara-Burgan) field, located five kilometers north of Wafra field. Crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate exceeding 500 barrels per day, with an API gravity of 26 to 27 degrees. API gravity is a scale that defines the gravity or density of liquid petroleum products. All KUNA right are reserved © 2022. Provided by SyndiGate Media Inc. (
Zawya
28-05-2025
- Business
- Zawya
Kuwait, Saudi strike new oil in joint zone
KUWAIT CITY: The Governments of Kuwait and Saudi Arabia have declared new oil discovery in the partitioned zone, according to a joint press release, said the Kuwaiti Ministry of Oil on Monday. The ministry added in a statement that governments of the Kingdom of Saudi Arabia and the State of Kuwait announced that Wafra Joint Operations have made a new oil discovery in (North Wafra Wara-Burgan) field, located five kilometers north of Wafra field. Crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate exceeding 500 barrels per day, with an API gravity of 26 to 27 degrees. This marks the first discovery since the resumption of production operations in the partitioned zone and its adjacent offshore area in mid-2020. The discovery is regarded as highly significant, given its positive impact on both countries standing as reliable global energy suppliers and their capabilities in the exploration and production sector. API gravity is a scale expressing the gravity or density of liquid petroleum products. (KUNA) Arab Times | © Copyright 2024, All Rights Reserved Provided by SyndiGate Media Inc. (
