Kuwait: KOC Turns to Chemical Injection for Oil ExtractionSource: www.export-egypt.com 8/13/2017, Location: Middle East |
|
|
|
|
|
Kuwait Oil Company (KOC) has begun experimenting with a chemical injection system for oil extraction, which represents a major step forward, the company said
Speaking to the press, KOC CEO Jamal Jafar touted the project, which he said was unprecedented in the Middle East region and is being carried out in northern Kuwait. He noted that the project aims to boost oil reserves and will prove beneficial for the oil sector in the long run. On the process to obtain oil, the KOC's official pointed out that the procedure involves multiple steps and oil is typically extracted through heating and gas or chemical injections . Jafar said that the company makes it a point to look into different methods to extract oil and that the chemical injection system has been heavily relied upon in the wake of dwindling oil prices. He added that collective dedication on the part of the company's staff enabled them to translate this monumental project into a reality. |
|
|
Financials and Investment News in Kuwait >> |
 |
|||||
|
Egypt >> 11/21/2024 - An International Monetary Fund (IMF) mission led by Ivanna Vladkova Hollar wrapped up in-person discussions with Egyptian authorities in Cairo regardi...
|
Egypt >> 11/21/2024 - The Engineering Export Council of Egypt (EEC) revealed that engineering industry exports increased by 25.6 percent from January to September, reaching...
|
|
Egypt >> 11/20/2024 - Prime Minister Dr. Mostafa Madbouly held a meeting this morning at the government headquarters in the New Administrative Capital with Mr. Chang Won Sa...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouly, with Mahmoud Esmat, Minister of Electricity and Renewable Energy Minister, and Sultan Al Jaber, UAE Ministe...
|
|
Egypt >> 11/20/2024 - Egypt and Australia have seen a significant surge in their bilateral trade relationship, with the trade volume increasing from $270 million in 2015 to...
|
Egypt >> 11/20/2024 - Egyptian Prime Minister Moustafa Madbouli chaired the Cabinet’s weekly meeting in the New Administrative Capital.
The Cabinet is set to add... |
| Kuwait Oil & Gas 1 >> 2 | 3 | 4 | 5 | |
