Market
Will Kuwait Oil Company announce an increase in oil production capacity by mid-2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Press releases from Kuwait Oil Company or official statements reported by KUNA
Story
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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