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$ 93 billion worth of oil projects implemented by Kuwait
The Kuwaiti oil sector is implementing more than 50 capital projects worth 28 billion dinars, or 93 billion dollars, in the biggest leap ever in the history of Kuwait, with the launch of projects to increase the production capacity and refining of Kuwait.
According to the statistics of the oil projects carried out by the local oil companies, KOC is unique to the implementation of the largest projects in the sector and comes in the forefront of projects heavy oil project in northern Kuwait, the cost of financial 2.1 billion dinars, which is expected to enter the service in various stages by September 2022, Jurassic gas (second stage) in second place worth 1.4 billion dinars, according to the newspaper "News" Kuwaiti.
Kuwait Oil announced that it will gradually increase production in the heavy oil project to reach its maximum capacity of 60 thousand barrels per day. The initial operation of the project will be in August and the primary delivery date will be by May 2019.
The KOC will spend KD 12.1 billion to implement 19 large oil projects. The Burgan Large Field will be developed with a value of 755 million dinars, the development of the Rawdatain field with a value of 1.3 billion dinars and the Umm Kadeer field with a value of 732 million dinars. Whose responsibility is to feed the new Al-Zour Refinery with crude oil.
Kuwait Oil Company (KOC) has allocated KD 709 million to develop a reservoir in Burgan. The project is one of the largest projects to develop the Burgan field to raise reservoir production from 80 thousand barrels per day to about 300 to 350 thousand barrels per day by pumping about 700 thousand barrels of water Daily is a huge work of art, will be followed by the development of other reservoirs.
The company plans to spend 690 million dinars on the exploration of the sea, which is expected to start at the end of this year, noting that the auction of offshore drilling is still open at the company
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