Jafar: 500 million cubic feet per day of free gas capacity Productivity "Kuwait Oil"

Jamal Jafar, chief executive officer of Kuwait Oil Company (KOC), confirmed that access to gas generating capacity will be about 500 million cubic feet per day by the time of end of the fiscal year, and 200,000 bpd a year.

Kuwait's strategic goal is to increase gas production capacity to 1 billion cubic feet and 275,000 barrels per day of light oil by 2022/23, stating, " We formed the Management of its regulatory structure on gas mainly supported by other directions.
He noted that the company pays great attention to developing its capabilities which constitutes a major pillar of the Petroleum Corporation and Kuwait Oil Company's strategies, especially in the 2040 strategy that confirms that sustainable production of gas and light oil is intended to meet the country's development needs and to meet its commitments on world markets,

The major discovery of non-associated gases and associated light oils comes as society seeks to offer alternatives to the use of crude oil and its derivatives in the production of electricity in the country, then the possibility of selling it on the markets Global b The end of the year, the corporate goals being to protect the environment from pollution.

The Kuwait Oil Company is working to translate the strategic goals into action plans to build the capacity of Jurassic tanks, which contain light gas and oil, the construction of production facilities and the production of oil and gas. accessories, extension of gas and light oil transmission lines,
Regarding light oil, Jafar said that the first of July marks a milestone in the history of Kuwait: the first cargo Kuwaiti light crude oil was exported, pointing out that the number of shipments will increase to 4 shipments of a total volume of 2 million barrels.