Please wait...
GulfBase Live Support
- Dubai Taxi Company, Keeta partner for last-mile delivery solutions
- NBK becomes the first bank in GCC and Mideast to launch 'Tap-to-Add with PIN'
- Investcorp Capital announces financial close of $750m Golden Horizon Platform
- stc Bahrain signs advanced AWS cloud solutions' pact with GPS
- Presight, Nasser Centre to boost digital transformation, AI adoption in Bahrain
- Oman's central bank issues treasury bills worth OMR9.25mn
- OQAE launches Oman's first large-scale SuperESCO project
- Development Bank boosts small business financing to RO100mn
- 'Major' Offshore Gas Find in Kuwait, Says National Oil Company
- Barwa sells land plot in Bahrain
14/10/2025 05:12 AST
The Kuwait Oil Company said on Monday that it had made a "major" discovery of a new offshore natural gas field projected to have around one trillion cubic feet of gas.
The subsidiary of the Kuwait Petroleum Corporation (KPC) said it made "a major exploration achievement in Kuwait's offshore region with the discovery of the Jazah offshore natural gas field".
The field is estimated to cover an area of 40 square kilometers (15 square miles) "with projections indicating around one trillion cubic feet of gas", it said in a statement.
Initial results showed "production exceeding twenty-nine million cubic feet of gas per day", it added.
Kuwait is rich in oil and has been working to step up its gas production.
Minister of Oil and KPC Chairman Tariq Suleiman Al-Roumi described the discovery as "a strategic step" aligned with national goals to ensure energy security and increase production.
"Efforts are currently underway to accelerate the development of the offshore fields discovered and integrate them into the production system, contributing to economic growth and creating new job opportunities for national talent," he added.
Asharq Al Awsat
| Ticker | Price | Volume |
|---|
14/10/2025
Oman's central bank raised OMR9.25 million by way of allotting treasury bills on Monday.
The treasury bills are for a maturity period of 91 days. The average accepted price reached OMR99.055
Times of Oman
14/10/2025
OQ Alternative Energy (OQAE), a subsidiary of OQ, has announced the launch of Oman's first large-scale SuperESCO project aimed at enhancing energy efficiency and supporting the country's Net Zero 205
Muscat Daily
14/10/2025
The Development Bank has announced that its loan portfolio for small enterprises has exceeded RO100mn by the end of September 2025. The bank has financed more than 20,000 small projects across produc
Muscat Daily
14/10/2025
Oman Development Bank has financed more than 20,000 small projects across the country, with total lending surpassing 100 million Omani rials ($260 million) by the end of September, it has been reveal
Arab News
14/10/2025
Saudi Arabia led the Gulf Cooperation Council's projects market in the third quarter of 2025 with $28.1 billion in contract awards, a new report showed.
According to Kamco Invest, this r
Arab News
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia