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KOC's Lower Fars heavy crude scheme

Kuwait targeting record output

LONDON, May 12, 2016 – In a bid to sustain economic growth, Kuwait will ramp up production to 4 million bopd by 2020, Kuwait Petroleum Corporation executive Abdulaziz Al Attar said on Thursday. The targeted level would mark an all-time record for the country.

 

According to Al Attar, Kuwait will aim to maintain production of 4 million bopd for a duration of 10 years. Ramping up output to the mentioned level would represent a 44% increase over current production, estimated at between 2.77 million and 2.85 million bopd.

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