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Sheikh Ahmed Al Jaber Al Sabah granted Kuwait Oil Limited Company with the participation of Protol British Company "BP" and American Oil Gulf Company "Gulf Oil" the right of franchise of concessionaire to explore oil in all Kuwait lands and territorial water for 75 year period and this was on 23rd December 1934. However, when the first oil field is discovered in the State of Kuwait in 1933 and specifically at Burgan Area and then, discovery is continued. First shipment of oil was exported in 1946.

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The new meeting of the Forum of Gas Exporting Countries will be held in December
01/07/2009
Participants in the eighth Forum of the gas exporting countries yesterday called on ensuring the supply of natural gas and the maintenance of price stability for the  details...

Latest News
Oil companies are braced for the worst and hope for the best in Iraq
01/07/2009
Reuters reported that the biggest oil companies in the world are hoping the future will not trace the steps of the past, when they submit their offers this week for the  details...
Ecuador and Venezuela started joint exploration for gas in the Gulf of Guayaquil
01/07/2009
Ecuador and Venezuela began last Friday the joint exploration of natural gas in the Gulf of Guayaquil, a large area of water in the Pacific Ocean west of South details...
Malaysia focuses more of its oil production abroad to Africa
01/07/2009
Malaysia increases its focus on Africa with regard to oil production and reserves internationally, where the most of its profit comes from oil production and reserves in the details...
Iranian official: his country has reserves of natural gas, enough to last 143 years and 86 years from oil
01/07/2009
Iran's Oil Minister, Gholam Hussein Nodheri, told the Chinese News Agency (Xinhua) on Tuesday that his country has reserves of natural gas, enough to last 143 years and details...
Signing of a joint agreement between Russia and Azerbaijan
01/07/2009
Russian news agencies reported on Monday that Russian President Dmitry Medvedev visited Azerbaijan on (June 29) to attend the ceremony of signing the Convention on the details...
International Energy Agency: a crisis which threatens the future supply of gas
01/07/2009
International Energy Agency said on Monday to Reuters that the global demand for gas is likely to decrease this year for the first time in half a century, which threatens the  details...
Azerbaijan plans to increase its gas exports to Russia
01/07/2009
Azerbaijani President, Ilham Aliyev, said at the end of his talks with his Russian counterpart Dmitry Medvedev on Wednesday in Baku, that Azerbaijan will double its gas details...
Russian Company "Gazprom" agrees to import half a billion cubic meters of Azeri gas per year
01/07/2009
Head of "Gazprom" Alexei Miller of Russian told Russian news Agency (Novosti) yesterday that the company will import half a billion cubic meters of gas annually from  details...
Russia: gas-exporting countries need to strengthen income to the maximum extent
01/07/2009
Energy Minister Sergei Shmatko told Reuters on Tuesday that one of the objectives of the Group of the Gas Exporting Countries Forum is to enhance the income of its details...
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