CAIRO: A major oil discovery has been reported in the West Fewebs-1 area of Egypt’s Western Desert, located within the Kalabsha Development Area in Egypt. The company drilled 270 feet into the Paleozoic sands, resulting in a production test of 7,165 barrels of oil per day with a quality of 44 degrees and 23 million […]
KUWAIT CITY: Kuwait Oil Company (KOC) has made a significant oil and gas discovery in the Al-Nokhatha field, located east of Failaka Island, as announced recently. According to Kuwait Petroleum Corporation (KPC), this newly found field is estimated to hold approximately 2.1 billion barrels of light oil and 5.1 trillion cubic feet of gas, which […]
Vienna: In its latest update, the Organisation of the Petroleum Exporting Countries (OPEC) highlighted the sustained expansion of the United Arab Emirates (UAE) non-oil sectors, attributing this growth to robust government backing and resilient demand. According to OPEC’s May report, the UAE witnessed a notable year-on-year surge of 7.3 percent in the non-oil Gross Domestic […]
