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New Oil Discoveries... Al-Omair: We’re seeking for 4 million barrels a day
 The Minister of Oil, Minister of State for National Assembly Affairs Dr. Ali Al-Omair confirmed monitoring new discoveries of oil fields and reservoirs, stressing on the need to take advantage of these discoveries.

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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.

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