KUWAIT: Kuwait Petroleum Corp. said on Wednesday it aimed to reach crude oil production capacity of 4.75 million barrels per day (bpd) in 2040.
Chief Executive Officer Nizar Al-Adsani also said refining capacity was expected to grow to 2 million bpd by 2035.
KPC is expected to spend $114 billion in capital expenditure over the next five years and an additional $394 billion beyond that to 2040, he said.
Kuwait’s KPC says crude oil production capacity to reach 4.75 million barrels a day in 2040
Updated 31 January 2018
Kuwait’s KPC says crude oil production capacity to reach 4.75 million barrels a day in 2040
