A Kuwaiti company signs a memorandum with Saudi Chevron to export gas in surplus from the Wafra region

Today, Monday, the Kuwait News Agency reported that the Kuwait Gulf Oil Company has signed a memorandum of understanding with the Saudi Chevron to export the gas. in excess fromarea of the joint operations of Wafra.

The agency quoted Mohammed Al-Hameer, interim CEO of Gulf Oil, as saying today, Monday, that the start of exports will occur with an estimated 12 million cubic feet of gas, with the amount increasing over the next five. months up to between 40 and 50 million cubic feet, to reach after four years between 80 and 100 million feet.

Read More About: Business News