The CEO of Kuwait Oil Company Hashem Hashem declared having discovered 4 oil fields and two new reservoirs in the North and West of the country confirming that this will promote the position of Kuwait as a producing country in the international markets.
The Minister of Oil, Minister of State for National Assembly Affairs Dr. Ali Al-Omair stressed on the connection of energy environmental and economy issues being directly reflecting the development.
The Minister of Oil, State Minister for National Assembly Affairs Dr. Ali Al-Omair said that the importance of oil issue is not confined in Kuwait but in the whole world, and it is important to educate students either through the curriculum or school activities.
The State of Kuwait, represented by the Ministry of Oil, participated in the second petroleum media forum in the City of Riyadh within the period extending from the 22nd until 24th of March 2015 and this event shall be established under the sponsorship of His Majesty, the Custodian of the Two Holy Mosques King Salman Bin Abdulaziz under the slogan of the petroleum media in the cooperation council countries cases and challenges.
Minister of Oil and Minister of State for National Assembly of Kuwait, Dr. Ali Al-Omair stressed that despite of the decline in oil prices, the State of Kuwait has not adversely affected as it moves in implementing its projects and investment plans
The Minister of Oil, State Minister for National Assembly Affairs Dr. Ali Al-Omair said that “the global oil prices will stabilize at a certain level and then will rise again”, adding that «these levels will be determined by the longanimity of oil companies on selling oil in prices less than the cost of production, especially oil shale and oil sand.
The Oil Ministry announced its participation in "Kuwait in the heart of Egypt" exhibition that will be held from 15-18 of this month. The Ministry said in a press release that its participation will be the seventh in a row, which comes under the Ministry's strategy of media presence and participation in activities of community nature for the purpose of (Media outreach) and try to reach a broader spectrum of the Arab and international public.
A press release issued by the Ministry of Oil said that the meeting will discuss the agenda containing the Member States comments and amendments of the GCC petroleum media translation strategy and the GCC Petroleum Cooperation Committee resolutions
The Minister of Oil and Minister of State for National Assembly Affairs Ali Saleh Al-Omair described (OPEC) Ministers’ decision to maintain production rates unchanged as a "Right" decision stressing that it was based on the global oil market data
The Kuwaiti Korean Joint Committee for Cooperation in energy field held its third meeting on November 24, 2014 in the city of Seoul, Korea.