KOC Eyes $56bn Investment Bonanza
Kuwait’s state-owned Kuwait Oil Company (KOC) is spearheading Kuwait’s drive to hit production capacity of 4mn b/d by 2020, with a planned capital expenditure program of almost $10bn a year over the next six years, says the company’s CEO Sami al-Rushaid.
Kuwait intends to maintain the 4mn b/d plateau capacity for 10 years. KOC plans to raise its oil output from 3mn b/d to 3.65mn b/d by...