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Kuwait to Invest $4 Billion in Oil Exploration by 2030
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Why This Matters
Kuwait Oil Company plans to invest $3.9 billion in oil exploration by 2030 as part of a larger $32 billion drilling and maintenance program.
Market Impact
Market impact analysis based on bullish sentiment with 90% confidence.
Sentiment
Bullish
AI Confidence
90%
Article Context
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Kuwait Oil Company, the national oil firm of one of OPEC’s biggest Gulf producers, plans to invest as much as $3.9 billion (1.2 billion Kuwaiti dinars) in exploration drilling by 2030, a senior company executive told Reuters in an interview published on Wednesday. The exploration drilling program is part of a bigger drilling and maintenance program by the end of the decade, with a budget of $32 billion (9.8 billion dinars), Khaled Al-Mulla, Kuwait Oil Company’s Deputy CEO for Exploration and Drilling, told Reuters. …
Original article published by
OilPrice.com
on October 29, 2025.
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