RIYADH: The Kuwait Gulf Oil Co. has signed an initial agreement with Saudi Arabian Chevron Co. to export spare gas from the Wafra Joint Operations area.

Initially, the company exported 12 million cubic feet of surplus gas. It expects to reach around 40 to 50 million cubic feet in the next five months, and around 80 to 100 million in four years, KGOC’s deputy CEO, Mohammed Al Haimer, said.

In line with the Kuwait Environment Public Authority gas burning regulations, the parties agreed to develop short and long term operating plans to export gas surplus from the Wafra Joint Operations area to the KGOC refineries, KUNA reported.

This comes as part of KGOC’s efforts to achieve an optimal utilization of oil in the joint operations area, Kuwait News Agency reported, citing Al Haimer.

Covering an area of 5,000 square kilometres, the Wafra Joint Operations is located in the Partitioned Zone between Kuwait and Saudi Arabia and is operated jointly by both companies.

Copyright: Arab News © 2022 All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.