Oman’s non-oil exports rise 11.4% to $9.3bln, re-exports jump 20% UAE participates in second G20 Finance Ministers and Central Bank Governors meeting Saudi Arabia and Syria sign 4 pacts to boost cooperation in transport and logistics sectors Geological assets drive mining, manufacturing growth in Fujairah RAK Chamber explores trade, investment opportunities at UAE-Lebanon Business Forum Saudi Arabia agrees to raise Pakistani agricultural and food exports to $3bln UAE investment council launches data tools to boost overseas investment Oman's public revenue rises 13% to $17.2bln in first half of 2026 Saudi Arabia’s construction costs rise 2.3% in July 2026 ADIB provides $37mln Islamic financing for Glasgow logistics hub Oman’s tea and coffee imports hit record highs Total value of Bahraini exports hit $5.04bln Oman: ARA eyes Q3 2027 gas pipeline launch Oman: Sohar International establishes innovation hub at Terminal 11 to support fintech growth Bahrain's Benefit unveils Digital Direct Debit service Saudi: Civil Defense requires third-party insurance for licensing and renewals of certain activities Saudi PIF annualised total shareholder returns fall to 5.8% as some assets lose value Saudi Aramco offers crude outside Hormuz to some Asian refiners, sources say Ten agreements signed to localise electrical transformer component manufacturing in Oman Khareef lifts Salalah Airport passenger arrivals by 8% Fuel tanker grounding: NCEM activated in Oman Oman to develop four industrial cities under Five-Year Development Plan 2026-2030 Saudi Arabia breaks into world’s top 10 for private AI investment: World Bank report Kuwait Petroleum Corporation posts three-year profit high of $6.9bln in FY 25/26 HSBC Private Bank appoints Feras Al Jaramani to lead its UAE Market UAE extends small business relief for corporate tax until December 2029 Saudi business sector surges with 46,900 new companies in 1H 2026 Solar power set for strong growth in Qatar Sharjah Chamber boosts trade ties with Dominican Republic, India Abu Dhabi luxury residential market evolving as buyer preferences shift, says expert

Log in

عربي

Media Centre

Home » Media Centre

Riyadh hails oil discovery as step for energy coop. with Kuwait

Riyadh hails oil discovery as step for energy coop. with Kuwait

Riyadh hails oil discovery as step for energy coop. with Kuwait

May 29, 2025

RIYADH --- The Saudi Cabinet on Tuesday lauded the new oil discovery in in the partitioned zone between Saudi Arabia and State of Kuwait as a positive step towards a further cooperation in the energy sector.
This came during the Saudi Cabinet's meeting, chaired by Crown Prince and Prime Minister

Prince Mohammad bin Salman, according to the kingdom's official news agency.The cabinet said that recent oil discovery would lead to promoting Saudi-Kuwait cooperation in

energy and continuing joint discovery and development efforts.The Governments of Kuwait and Saudi Arabia on Monday declared a new oil discovery in the

partitioned zone, said the Kuwaiti Ministry of Oil.They announced that Wafra Joint Operations had made a new oil discovery in (North Wafra

Wara-Burgan) field, located five kilometers north of Wafra field.Crude oil flowed from the Wara reservoir in the North Wafra (Wara-Burgan-1) well at a rate

exceeding 500 barrels per day, with an API gravity of 26 to 27 degrees.API gravity is a scale that defines the gravity or density of liquid petroleum products.