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Kuwait delays oil output target to 2030

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Tuesday, 06 October 2009
OIL OUTPUT: Kuwait says it would need help from oil majors to reach 4m barrels per day output target. (Getty Images)
OIL OUTPUT: Kuwait says it would need help from oil majors to reach 4m barrels per day output target. (Getty Images)

Kuwait's oil minister Sheikh Ahmad al-Abdullah al-Sabah said on Tuesday that it had pushed back its oil output capacity target of 4 million barrels per day by 10 years to 2030.

Kuwait, supplier of more than a third of the world's oil, has said it would need help from oil majors to reach its output targets.

Sheikh Ahmad said the reason for the delay was due to a lack of "technical know-how".


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The Gulf Arab state pumped 2.25 million barrels per day (bpd) in September according to the latest Reuters survey. (Reuters)

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