continue oil extractions plans from manufacturer in kuwait

   
continue oil extractions plans from manufacturer in kuwait
                                               
                                               
                                               
                                               
  • continue oil extractions plans from manufacturer in kuwait
Will Kuwait increase its oil production in the next 4 years?

AFP Kuwait aims to raise its oil production capacity to 3.15 million barrels per day, from the current 2.7 million bpd, within the next four years. Opec¡¯s fourth-largest producer also plans to increase its natural gas output by about 79 per cent to 930 million cubic feet per day in the same period, the government said on Monday.

How much will Kuwait invest in exploration by 2040?

Kuwait¡¯s plans announced last week to invest at least US$6.1 billion in exploration over the next five years in order to increase production to a minimum of 4 million barrels per day (bpd) by 2040 - up from the 2020 average of 2.43 million bpd - look highly optimistic.

How much oil will Kuwait refinery produce in 2022?

The refinery is designed to process heavy crudes and will have a capacity of 615,000 bpd. Kuwait, which holds about 8 per cent of the world¡¯s oil reserves, produced 2.7 million bpd in 2022, up from 2.42 million bpd a year earlier, according to Opec data.

Will Kuwait raise its production capacity by 2040?

State-owned Kuwait Petroleum Co.'s plans to raise production capacity to 4.75 million b/d by 2040 were seen as very ambitious when unveiled in 2018. The country has now revised its target to 3.5 million b/d by 2025 and 4 million b/d by 2040, but analysts say even this maybe an uphill task.