Kuwait and Saudi Arabia appear no closer to restarting their jointly operated Khafji oilfield, industry sources said, despite Kuwait saying the sides had agreed to ramp up output after an 18-month shutdown.
Kuwait has agreed with neighbouring Saudi Arabia to resume production at the joint Khafji oilfield, the Opec member's acting oil minister said on Tuesday.
Anas Al-Saleh, who is also Kuwait's finance minister, told reporter
Kuwait has said the continued closure of the Khafji oilfield it shares with Saudi Arabia will create huge losses Riyadh must compensate for in future, a local daily reported.
Al Rai newspaper based its
A senior Kuwaiti official said on Sunday the Khafji oilfield, run jointly with Saudi Arabia, had been shut down for "purely technical and not political" reasons, state news agency KUNA reported.
Crude production from the Khafji oilfield, jointly run by Saudi Arabia and Kuwait, has been halted temporarily to comply with environmental rules, according to an industry source familiar with Saudi policy and an internal letter seen by Re
Crude production from the Khafji oilfield, jointly run by Saudi Arabia and Kuwait, has been halted temporarily to comply with environmental rules, according to an industry source familiar with Saudi policy and an internal letter seen by Reuters.
Kuwait Gulf Oil Co (KGOC) signed a contract with France's Technip to build gas facilities in Khafji, part of a plan to boost gas output for growing domestic needs, industry sources told Reuters on Wednesday.
KGOC, a unit of Kuwait Petr
A Saudi-Kuwaiti joint venture has extended to October 11 the bidding for the construction of gas and natural gas liquids (NGL) distribution facilities at Khafji oilfield, the company said.
Al-Khafji Joint Operations Co (KJO) said on its we
A joint venture between Saudi Arabia and Kuwait plans to build gas and natural gas liquids (NGL) collection and distribution facilities at the Khafji oilfield, the company said.
Khafji, which is in the Neutral Zone between the two countrie
A joint venture between Saudi Arabia and Kuwait has extended the bidding deadline for two projects at Al Khafji oilfield to December 28, bidders said on Saturday.
The original deadline for both contracts was September 28, but has been exte