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KPC Announces Discovery of New Oil Reserve

Kuwait Petroleum Corporation (KPC) announces the discovery of a large oil reserve in the Al-Noukhitha offshore field, located east of Failaka Island.

 

The new discovery contains estimated total hydrocarbon reserve of light oil and gas reaching approximately 3.2 billion barrels of oil equivalent.

 

KPC's CEO Sheikh Nawaf Saud Nasir Al-Sabah said in a video posted by the company on X that the new discovery's reserves were equivalent to the country's entire production in three years.

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