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Kuwait Petroleum Corporation Announces Major Oil Discovery of 3.2 Billion Barrels

Jul 14, 2024, 01:32 PM

Kuwait Petroleum Corporation (KPC) has announced a significant oil discovery in the Al-Nokhatha field near Failaka island, with estimated reserves of 3.2 billion barrels. This new find matches the nation's total production over three years, according to KPC's CEO Sheikh Nawaf Saud Nasir. The discovery has been described as a 'giant' oil discovery, with reserves exceeding 3 billion barrels.