Middle East Economic Survey

VOL. LIII

No 33

16-Aug-2010

KUWAIT

Kuwait Hits More Difficulties In Meeting 4Mn B/D Crude Target

Kuwaits plan to reach crude production capacity of 4mn b/d by 2020 faces a further delay cancellation of the prequalification of firms to build a processing plant to develop 270,000 b/d of heavy crude output capacity in northern fields. Kuwaits state-owned Kuwait Oil Company (KOC) says it needs the majors to achieve the planned heavy oil boost by 2020, but has failed to...