Kuwait Oil's daily output to reach 3m bpd

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Kuwait Oil Co’s output capacity will reach 3 million barrels a day in August, excluding the emirate’s portion in the Neutral Zone shared by Kuwait and Saudi Arabia, the state news agency KUNA reported, citing KOC chairman Sami al Rushaid.

State owned Kuwait Oil has a current production capacity of 2.9 million barrels a day and the emirate’s share in the Neutral Zone ranges between 270,000 to 300,000 barrels a day, al Rushaid said, according to KUNA.

Kuwait’s total output capacity will be 3.3 million barrels a day in August, he said.

The emirate is targeting capacity of 4 million barrels a day by 2020.

Oil Minister Sheikh Ahmad al Abdullah al Sabah said in October the country had a sustainable capacity of 3 million barrels a day.

Kuwait is OPEC’s fifth biggest oil producer.

Kuwait is still in talks with Iran to import natural gas, al Rushaid told the news agency. (Reuters)

Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Crude control

Crude control

The startling fall in the oil price has renewed questions about...

Saudi Arabia, Kuwait shared zone tensions underlie oilfield closure

Saudi Arabia, Kuwait shared zone tensions underlie oilfield closure

Crude output from jointly-run offshore Khafji oilfield has been...

Petroleum producers shift attention from Middle East: Kemp

Petroleum producers shift attention from Middle East: Kemp

Following four decades of war, sanctions, nationalisation and...

Most Discussed
  • 16
    ‘How my Dubai mortgage landed me in a police cell’

    loans in any form need to filtered with the terms and condition, assuming thing will be in order is not excuse, one need to check with banks when property... more

    Friday, 31 October 2014 5:49 PM - Jacob
  • 10
    Do you actually own your house?

    This is unbelievable from Nakheel. In a case where we want landscape our garden with some tiles and grass costing around 12500, Nakheel is demanding a... more

    Thursday, 30 October 2014 9:06 PM - skp
  • 1
    Men arrested for working in women's shops in Saudi

    “We won’t spare any mall or shop employing expatriate men to sell women’s accessories,” the ministry’s director general in Makkah, Abdul Monem Al Shahri... more

    Friday, 31 October 2014 12:22 PM - cba