Middle East Economic Survey
VOL. XLVII
No 50
13-December-2004
KUWAIT
SPC Approves Oil Sector Strategy To 2020 With $30-40Bn Investment
Kuwaits Supreme Petroleum Council (SPC), meeting at the end of November, approved a strategy for the countrys oil sector for the next 15 years. The main plank of the strategy envisages oil production capacity being raised from the current 2.5mn b/d to 4mn b/d by 2020. Speaking at an energy conference in Kuwait on 4 December, Kuwait Petroleum Corporation (KPC)...
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