{"id":79602,"date":"2022-12-11T00:00:00","date_gmt":"2022-12-11T00:00:00","guid":{"rendered":"http:\/\/kuwaitnewsgazette.com\/?guid=25ec0908400b2de913eedd5e097b818e"},"modified":"2022-12-11T00:00:00","modified_gmt":"2022-12-11T00:00:00","slug":"kuwait-saudi-arabia-sign-mou-on-durra-gas-field","status":"publish","type":"post","link":"https:\/\/kuwaitnewsgazette.com\/kuwait-saudi-arabia-sign-mou-on-durra-gas-field\/","title":{"rendered":"Kuwait, Saudi Arabia sign MoU on Durra gas field"},"content":{"rendered":"
The Kuwait Gulf Oil Company (KGOC), a subsidiary of the Kuwait Petroleum Corporation (KPC), signed on Sunday a Memorandum of Understanding (MoU) with Saudi Aramco Gulf Operations Company to develop the joint Durra gas field.<\/p>\n
Kuwait’s Deputy Prime Minister and Minister of Oil Dr. Badr Al-Mulla and Saudi Minister of Energy Prince Abdulaziz bin Salman attended the signing ceremony.<\/p>\n
In a press statement, Acting CEO of KGOC Khaled Al-Otaibi said the memo includes procedures to develop the field that are based on implementing the provisions mentioned in the minutes of the ministerial meeting.<\/p>\n
The MoU aims to re-assess and complete engineering studies of the field project as well as form a technical team to carry out the scheme, he added.<\/p>\n
He indicated that the joint Durra field development program aims to produce one billion cubic feet of natural gas per day and 84,000 barrels of liquefied gas per day.<\/p>\n
The signing comes to implement the memo signed, on December 24, 2019, between the Kuwait and Saudi Arabia governments, he said.<\/p>\n
It is also a culmination of the talks held between the two countries’ officials on reaching a deal on a direct mechanism, and carrying out and developing the Durra field located in the divided area between the State of Kuwait and the Kingdom of Saudi Arabia, he stated<\/p>\n<\/p>\n
Source: Kuwait News Agency<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
The Kuwait Gulf Oil Company (KGOC), a subsidiary of the Kuwait Petroleum Corporation (KPC), signed on Sunday a Memorandum of Understanding (MoU) with Saudi Aramco Gulf Operations Company to develop the joint Durra gas field.Kuwait’s Deputy Prime Minist…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"yoast_head":"\n