Middle East Economic Survey

VOL. XLVIII

No 5

31-January-2005

KUWAIT

KUFPEC Aims For 70,000 B/D Output In Coming Year

The Kuwait Foreign Petroleum Exploration Company (KUFPEC) is aiming to increase its production from the current 46,000 b/d to reach around 70,000 b/d in the coming year, its Chairman, Badr al-Khashti, said in an interview with the daily al-Qabas published on 24 January. Of the increase, some 14,000 b/d will come from the Mutineer-Exeter block in Australia which is under development...