Take Your Trading To The Next Level. Get Started Here!

CERAWEEK: Kuwait Petroleum plans offshore oil exploration for first time

March 20, 2024 Comments Off

Kuwait Petroleum Corp. is planning to move offshore in the Persian Gulf for the first time and will seek help from international oil majors, the company’s CEO said March 19, as the country aims to boost its flagging production capacity. “We’re looking at a new model to bring expertise from around the world,” said Sheikh Nawaf al-Sabah, speaking at the…