Kuwait Oil Company has signed contracts worth $1.73 billion linked to rehabilitating the soil of oilfields damaged during Iraq's invasion of Kuwait, according to a document seen by Reuters.

KPC subsidiary Kuwait Oil Company's CEO Ahmed Jaber Al-Eidan said on Monday Kuwait's production capacity was currently at 2.9 million bpd and would reach 3.2 million bpd by 2025 or 2026.

Previously, the company reported oil spills from the fields it operates in 2016 and in 2020. Kuwait, one of the largest producers in OPEC, pumps around 2.7 million barrels of per (bpd) of crude oil.

Sheikh Nawaf al-Sabah, CEO of Kuwait Petroleum Corp., revealed that the country plans to ramp up crude production from ~2.4 million barrels of crude per day currently to over 4 mb/d by 2035.

The Kuwait Oil Company declared a "state of emergency" Monday over an oil spill on land, in an incident decried by environmental activists as a "recurring problem" in the energy-rich Gulf state.The ...

Vallourec has secured a contract from Kuwait Oil Company (KOC) to supply oil country tubular goods (OCTG) for drilling operations. The contract, with a potential revenue of more than $130m (€114 ...

Kuwait Petroleum (KPC) has announced a $33bn investment strategy up to 2029 to enhance its oil production capacity, according to a report by Bloomberg. The plan aligns with other producers ...

March 20 (UPI) -- A Kuwaiti oil company on Monday declared a state of emergency after reporting an oil spill, though it stressed there were no major signs of extreme pollution. In a statement ...

Kuwait City. Kuwait is one of the richest countries in the world, with a $980 billion sovereign fund built on oil revenue. Yasser Al-Zayyat/Agence France-Presse — Getty Images ...

State-owned Kuwait Oil Company (KOC) has unveiled a giant oil and gas discovery within its Al-Nokhatha offshore field, east of the Kuwaiti island of Failaka. Preliminary estimates suggest ...

As per the terms of the contract, Vallourec will supply carbon steel OCTG products with top-quality connections and proprietary steel grades, to be delivered in 2025 and 2026. The company said ...