Kufpec Output Misses Target, Plans Further Expansion
Kufpec, the overseas upstream subsidiary of Kuwait Petroleum Corporation (KPC) plans further expansion. Big projects anywhere are a target.
Kufpec currently produces about 80,000 barrels of oil equivalent per day (boe/d), CEO Sheikh Nawaf Al Sabah told last week’s CWC Kuwait Oil and Gas Summit in Kuwait City. This is the same level produced in May 2013 when Kufpec told MEES it was targeting a 20% hike in production –...