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Al-Durra Gas Field set to become region’s largest offshore project - Times Kuwait

Summary by timeskuwait.com
According to MEED magazine, the Dorra gas field development, a joint venture between Kuwait and Saudi Arabia, stands as the region’s most ambitious offshore project, with an estimated investment of $5 billion. Currently in its early engineering design phase, the massive project is expected to progress toward contract awards by 2026, marking a significant step in regional energy expansion. MEED magazine highlighted that nearly half of the Middle …
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timeskuwait.comtimeskuwait.com

Al-Durra Gas Field set to become region’s largest offshore project - Times Kuwait

According to MEED magazine, the Dorra gas field development, a joint venture between Kuwait and Saudi Arabia, stands as the region’s most ambitious offshore project, with an estimated investment of $5 billion. Currently in its early engineering design phase, the massive project is expected to progress toward contract awards by 2026, marking a significant step in regional energy expansion. MEED magazine highlighted that nearly half of the Middle …

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Global Finance MagazineGlobal Finance Magazine

Kuwait Doubles Down On Oil Infrastructure And Investment

In January 2024, Khaled Al-Sabah, CEO of Kuwait Petroleum Corporation (KPC), unveiled an ambitious $30 billion investment plan aimed at boosting the emirate’s oil production capacity by 40%. The target is to increase output from 2.8 million barrels per day (bpd) to 4 million bpd by 2040. To turn ambition into reality, state-owned KPC, which has long relied on onshore reserves, is venturing into offshore exploration with a 6,000-square-kilometer…

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Global Finance Magazine broke the news in on Wednesday, March 5, 2025.
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