The Kuwaiti government has green lit development of the second phase of the North Kuwait Jurassic Gas project, which will help meet the country’s domestic gas demand, according to local sources.
The Kuwait Oil Co. (KOC) plans to tender the 1.2 billion Kuwaiti dinars (US$4 billion) project in early 2018.
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Headline crude prices for the week beginning 10 February 2020 – Brent: US$53/b; WTI: US$49/b
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