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Kuwait plans international partnerships in 2026 to expand offshore oil and gas, aiming for 4 million barrels daily by 2030.
Kuwait is seeking international partnerships to develop offshore oil and gas fields, with plans to launch tenders in 2026 for the joint Durra project with Saudi Arabia.
The country aims to boost production capacity to nearly 4 million barrels per day by 2030, investing $3.9 billion in exploration and drilling, including up to 6,193 wells.
Kuwait Petroleum Corporation is negotiating a $7 billion lease and lease-back deal for its domestic pipeline network and is exploring foreign investment in a major pipeline project.
A deal with Royal Dutch Shell for a Brazilian oil field also signals expanded overseas energy activity.
These moves are part of a broader strategy to modernize infrastructure, increase refining and petrochemical output, and strengthen global energy competitiveness.
Kuwait planea asociaciones internacionales en 2026 para expandir el petróleo y el gas offshore, con el objetivo de 4 millones de barriles diarios para 2030.