Close Menu

    Subscribe to Updates

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

    What's Hot

    Artmarket.com: H1 2026 Financial Report–One-of-a-Kind AI Systems Intuitive Artmarket® and Blind Spot Will Drive the Next Phase of Growth for “AI-First” Artprice in 2026-2030

    September 28, 2026

    HCLSoftware to Acquire Robotiq.ai, Strengthening Enterprise Agentic Automation

    September 28, 2026

    Tanmiah Signs MoU with Tradewinds Berhad to Cooperate on Halal Protein Production, Processing and Distribution Across Malaysia and the Wider APAC Region

    September 28, 2026
    • Home
    • Contact Us
    UAE Financial TimesUAE Financial Times
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    UAE Financial TimesUAE Financial Times
    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

    UAE Minister Thani Al Zeyoudi discusses expanding global trade ties

    September 28, 2026

    World Bank forecasts UAE economy to grow 5 percent in 2026

    September 26, 2026

    Asia-Pacific growth outlook lifted to 5% for 2026

    September 24, 2026

    Egypt overseas transfers total $29.7 billion through July

    September 22, 2026

    China keeps loan prime rates steady through September 2026

    September 21, 2026

    Gold prices decline on Federal Reserve rate decision in trading

    September 17, 2026
    Latest News

    UAE President and Uzbek official discuss bilateral relations

    September 28, 2026

    The President of the United Arab Emirates, His Highness Sheikh Mohamed bin Zayed Al Nahyan, received Her Excellency Saida Mirziyoyeva, Head of the Administration of the President of the Republic of Uzbekistan, in Abu Dhabi to review bilateral relations and

    UAE Minister Thani Al Zeyoudi discusses expanding global trade ties

    September 28, 2026

    World Bank forecasts UAE economy to grow 5 percent in 2026

    September 26, 2026

    Asia-Pacific growth outlook lifted to 5% for 2026

    September 24, 2026

    UAE joins Trump meeting on Middle East security in New York

    September 23, 2026

    Egypt overseas transfers total $29.7 billion through July

    September 22, 2026

    Typhoon Dujuan brings flood risk and travel disruption

    September 21, 2026

    China keeps loan prime rates steady through September 2026

    September 21, 2026
    © 2026 UAE Financial Times | All Rights Reserved
    • Home
    • Contact Us

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