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Kuwait negotiate Iraq to import gas
Tuesday 13-10-2015
Twilight News / Chief Executive Officer of Kuwait Petroleum Corporation Nizar Al-Adsani revealed that there are preliminary negotiations with Iraq and Iran to import gas of them due to the country's need to be used in power stations.
Said Adsani, on the sidelines of the start of the second Kuwait exhibition of oil and gas that the Kuwait Oil Company signed this year contracts for the establishment of three collection centers, each with a capacity of 100 thousand barrels, while there are 3 facilities for early production, currently created a capacity of 180 thousand barrels, pointing out that the year the next will put up another assembly center Burgan field.
And that «increased drilling towers of 90 to 140 there will be a quantum leap in Kuwait's oil production by 2020, with production rising from 3 million barrels per day to 3.65 million, as well as 350 thousand barrels of the divided region, which means access to four million barrels per day .
He said Adsani that the decline in oil prices an opportunity to invest, which gives this decline the company «KUFPEC» room for expansion due to the faltering of other enterprises and their need for financial funding, noting that the decline may continue a short period «The projects require 3 to 4 years».
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Tuesday 13-10-2015
Twilight News / Chief Executive Officer of Kuwait Petroleum Corporation Nizar Al-Adsani revealed that there are preliminary negotiations with Iraq and Iran to import gas of them due to the country's need to be used in power stations.
Said Adsani, on the sidelines of the start of the second Kuwait exhibition of oil and gas that the Kuwait Oil Company signed this year contracts for the establishment of three collection centers, each with a capacity of 100 thousand barrels, while there are 3 facilities for early production, currently created a capacity of 180 thousand barrels, pointing out that the year the next will put up another assembly center Burgan field.
And that «increased drilling towers of 90 to 140 there will be a quantum leap in Kuwait's oil production by 2020, with production rising from 3 million barrels per day to 3.65 million, as well as 350 thousand barrels of the divided region, which means access to four million barrels per day .
He said Adsani that the decline in oil prices an opportunity to invest, which gives this decline the company «KUFPEC» room for expansion due to the faltering of other enterprises and their need for financial funding, noting that the decline may continue a short period «The projects require 3 to 4 years».
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