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".
The Gulf Arab state pumped 2.25 million barrels per day (bpd) in September according to the latest Reuters survey. (Reuters)For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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