Kuwait oil company says it’s found new oil and gas field

KUWAIT CITY – Kuwait’s state oil company says it has discovered a new oil and gas field in the Western part of the country.

Kuwait Oil Company said in a statement to the country’s state news agency Thursday that preliminary tests suggest the new field in the al-Jathatheel region will provide a significant boost to the country’s resource reserves.

According to the U.S. Energy Information Administration, Kuwait has the sixth largest crude oil reserves worldwide. Kuwait is a member of OPEC bordering Iraq and Saudi Arabia at the northern end of the Persian Gulf.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4782761,00.html

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