Kuwait, one of the top OPEC producers in the Middle East, plans to invest as much as $50 billion to raise its oil production capacity to above 3 million barrels per day (bpd) over the next five years, Kuwait Petroleum Corporation’s deputy chairman and CEO, Shaikh Nawaf Al-Sabah, has said. Kuwait is “planning to invest $9 to $10 billion annually in the next five years” to increase oil production capacity, Arabian Gulf Business Insight (AGBI) quoted Al-Sabah as saying. Kuwait’s crude oil production averaged 2.415…
Hence then, the article about kuwait to invest 50 billion to boost oil production capacity was published today ( ) and is available onOILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Kuwait to Invest $50 Billion to Boost Oil Production Capacity )