Kuwait Plans $400m Oil Pump Tender

Kuwait Oil Company (KOC) plans to tender a $400 million contract for electrical submersible pumping services in 2025, as part of a broader effort to boost oil production to 4 million barrels per day by 2035. This tender is significant as it marks Kuwait’s renewed focus on large-scale upstream projects following years of political gridlock, signaling a push towards achieving ambitious production targets despite ongoing parliamentary suspension.