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Page added on May 6, 2009

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Kuwait to invest $11 bln to boost neutral zone output

Kuwait Gulf Oil Co (KGOC) plans to invest around $11 billion in the next 20 years to boost oil output capacity to 900,000 barrels per day from a divided zone it shares with Saudi Arabia, a top oil official said.
KGOC also plans to spend billions of dollars to develop the massive Dorra gas field with Saudi Arabia, said Bader al-Khashti, chairman of the state-run firm, which operates on the Kuwaiti side of the shared Neutral Zone with Saudi.
Guardian



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