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How will the new oil field discovery in Kuwait affect global oil prices by mid-2025?
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Kuwait Oil Company Discovers Offshore Field with 800 Million Barrels, Total Reserves Near 1 Billion Barrels
Jan 20, 2025, 02:43 PM
Kuwait has made a notable discovery of oil and gas reserves, with estimates suggesting nearly 1 billion barrels. The Kuwait Oil Company reported an offshore field containing approximately 800 million barrels of oil, according to KUNA, the state news agency. This discovery is expected to bolster Kuwait's oil production capacity and enhance its position in the global energy market.
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