In the Persian Gulf
Emirate of Kuwait announces major oil and gas discovery
According to the state-owned Kuwait Petroleum Corporation (KPC), a large new oil and gas deposit has been discovered in the emirate of Kuwait.
Sheikh Nawaf Saud Nasir Al-Sabah, chairman of the KPC, said in a video published by the company on X (formerly Twitter, see post below) that the deposit is equivalent to the country's entire production in three years.
The deposit is estimated to be the equivalent of 3.2 billion barrels (one barrel of crude oil is 159 liters), the state-owned company said. Specifically, this involves around 2.1 billion barrels of light oil and 5.1 trillion standard cubic feet of gas.
The deposit is located in the Al-Nochatha field east of the Kuwaiti island of Failaka, which lies around 20 kilometers east of the capital Kuwait in the Persian Gulf.
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