Ready to play
Ready to play
Kuwait has confirmed that the oil sector has achieved extraordinary successes during the fiscal year 2025/2026, despite the challenges imposed by criminal attacks on the industry. These accomplishments include organizing the Kuwait Oil and Gas Conference, which attracted major energy companies from around the world, and the institution’s success in enhancing its efficiency through digital transformation in collaboration with Microsoft, with the launch of the Center of Excellence for Artificial Intelligence to digitize operations. Additionally, agreements were signed to develop key fields, such as the Mutriba field, and to boost production from fields like Khafji and Al-Wafra, with a target to increase production capacity to 3 million barrels per day by 2035. Kuwait Petroleum Corporation continued new exploration and production projects, achieving significant oil discoveries, and the oil sector overall experienced growth globally through diversification of sources and investment projects in 10 countries.
Notice: This Is an AI-Generated Summary
Comments (0)