Kuwait to boost oil production capacity
Kuwait: Tuesday, May 13 - 2008 at 10:22
Kuwait plans to boost oil production capacity to 3 million barrels a day in a year compared to 2.6 million at present, reported state news agency KUNA. Kuwait Oil Company Chairman Sami al-Rushaid also said the emirate aims to raise output to 4 million bpd by 2020. Kuwait will also be able to produce 700,000 bpd of heavy oil by 2020 through production in its northern oilfields and 12,000 wells will be built to meet this quota, he added
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Jeff Florian, Senior ReporterTuesday, May 13 - 2008 at 10:22 UAE local time (GMT+4)
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