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Saudi Arabia and Kuwait Announce New Oil Discovery in Neutral Zone

Saudi Arabia and Kuwait have announced a new oil discovery in the North Wafra Wara-Burgan field, located in the Neutral Zone shared between the two countries.

The field, located five kilometres north of the onshore Wafra field, within Wafra Joint Operations.

In parallel, Al-Khafji Joint Operations (KJO), the joint venture responsible, is advancing the project to develop the nearby Dorra offshore gas field, valued at approximately $10 billion.

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