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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Jordan king, in phone call, discusses ties with Saudi crown prince

The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company.
By TRENDS Desk
March 22, 2022 3:20 pm
  • The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company
  • The gas output will be divided evenly between the Gulf Arab neighbors, at a time where soaring consumption has led to growing demand for energy in the two countries

Saudi Arabia and Kuwait agreed on Monday to jointly develop the Dorra offshore gas field, which is expected to have a potential output capacity of up to 84,000 barrels of gas condensate per day, as well as 1 billion cubic feet of natural gas per day.

Dorra is located in the Kuwait-Saudi Neutral Zone, where production is divided equally between the two countries.

The project is a joint endeavor between the Saudi-based Aramco Gulf Operations Company and Kuwait Gulf Oil Company.

The development plan, signed by Dr. Mohammad Al-Fares and his Saudi counterpart Prince Abdulaziz bin Salman, entails the use of cutting-edge and environment-friendly methods to ramp up gas output from the project. 

 The gas output will be divided evenly between the Gulf Arab neighbors, at a time where soaring consumption has led to growing demand for energy in the two countries.

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