Kuwait Boosts Oil Output Capacity to Decade-High 3.2 Million Bpd ...Middle East

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Kuwait Boosts Oil Output Capacity to Decade-High 3.2 Million Bpd
source : OILPRICE ( Middle East ) () 598
Oil production capacity in Kuwait has hit a more than decade high of 3.2 million barrels per day (bpd), Tareq Al-Roumi, the Oil Minister of one of OPEC’s top producers, told local newspaper Al Qabas. Kuwait had a similar production capacity in the late 2000s, with capacity hitting the highest on record of 3.3 million bpd in 2010. Kuwait’s oil production capacity began to drop after 2010, but the OPEC heavyweight has launched a program in recent years to raise it. Earlier this year, Kuwait said it plans to invest as much as $50 billion…

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