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KUWAIT / WAM
The Arab region now produces 15.5 percent of the world gas production, an increase of 11.8 percent from the year 1980’s levels, according to the Organisation of Arab Petroleum Exporting Countries, (OAPEC). Kuwait News Agency quoted Engineer Wael Abdul Mo’ti, gas industries expert at the Technical Affairs Department (OAPEC) as saying that Arab countries’ natural gas production has significantly been growing since early 1980s through 2015, clocking an annual growth of 7 percent. The expert made the statements on the sidelines of the second day of the 24th Forum on Fundamentals of Oil and Gas Industry, organised by OAPEC in Kuwait.
Yasser AL Baghdadi, oil expert at OAPEC Technical Affairs Department, said that development of sophisticated logistics has boosted upstream operations, specially in areas previously thought unreachable for oil exploration activities. He highlighted the increasing reliance on pipelines in transporting oil and liquefied natural gas.