Kuwait's KGOC, Saudi Chevron will export surplus gas from Wafra area
Kuwait Gulf Oil Company (KGOC) said on Monday it signed a memorandum of understanding with Saudi Arabia’s Chevron to export the surplus gas from the joint Wafra operations, reported state news agency KUNA.
Muhammad Salem Al-Haimer the acting CEO of KGOC said in a statement that the company started on Monday to export around 12 million cubic feet of the extra gas.
The company is expected to export in the coming months between 40-50 million cubic feet of gas, the news agency said.
Wafra Joint Operations is jointly between KGOC 50 and Saudi Arabian Chevron 50. The companies have resumed operations in late December 2020.
KEEPING THE ENERGY INDUSTRY CONNECTED
Subscribe to our newsletter and get the best of Energy Connects directly to your inbox each week.
By subscribing, you agree to the processing of your personal data by dmg events as described in the Privacy Policy.
More oil news
Enbridge Pipeline Says Wisconsin Oil Spill’s Cleanup in Progress
Wall Street Weighs ‘Hawkish Cut’ While Tech Shines: Markets Wrap
Oil Rises as Possible Iran, Russia Sanctions Temper Glut Outlook
China’s Weak Winter LNG Demand Provides Relief for Rival Buyers
Oil Edges Higher Ahead of US Inflation Figures and OPEC Report
Oil Slips as Glut Outlook Outweighs Optimism on China Stimulus
Oil Edges Higher as Traders Weigh Fallout From Syrian Upheaval
China’s Solar Industry Looks to OPEC for Guide to Survival
Five Key Charts to Watch in Global Commodity Markets This Week
