Minister of Oil Bakheet Al Rashidi said the two sides were in the process of appointing consultants to study potential development plans and an agreement was expected by the end of the year.
The deal would also include a scheme for gas imports to Kuwait.
In comments reported by Kuwaiti state news portal KUNA, the minister also addressed the ongoing dispute with Saudi Arabia over production plans at the Partitioned Neutral Zone, saying he expected the issue to be resolved by the end of 2018. Sources including Japan’s Toyo have recently said production in the zone would restart in 2019.
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
Japanese power generation player JERA on Thursday announced plans to invest USD 32 billion in LNG, renewables and new fuels… Read More
Chevron is planning to exit its North Sea operations after 55 years of activity in the oil hotspot, Reuters reported… Read More
Seatrium has been awarded a contract by SBM Offshore for the topsides fabrication and integration of an additional FPSO vessel… Read More
Diamond Offshore has secured a USD 350-million extension for an ultra-deepwater drillship deployed for Anadarko Petroleum in the US Gulf… Read More
ExxonMobil has made a discovery in the Angolan deepwater, the country's energy regulator announced on Monday Read More
This website uses cookies.