Middle East Economic Survey
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)...