Author: Pat Davis Szymczak

KOC discovered reserves estimated at 3.2 billion BOE at Kuwait’s Al-Nokhatha offshore field in July 2024.Credit: Kuwait Oil Company (KOC) Kuwait Petroleum Corp. (KPC) aims to raise its domestic oil production capacity 33% by 2040 while boosting operational efficiencies to lower cost per barrel and reducing emissions to stay on track to net zero. In…

Iraq has announced the discovery of a new oil field in the southern East Baghdad group of fields that may add 2 billion bbl of medium and light crude to the country’s oil reserves. State-owned Midland Oil Co. reported the find, made in collaboration with EBS (a local subsidiary acting for China’s ZhenHua Oil in…