Kuwait's KPC to Spend 35B dinars on Oil Projects in 5 Years

Source: Reuters 2/13/2017, Location: Middle East

Kuwait Petroleum Corp (KPC) expects to spend 35 billion dinars ($114.8 billion) on oil projects in the next five years, its chief executive officer said, adding 30 percent of the amount would be for local content.

Spending by KPC and its affiliates on local services and products will jump to 1.2 billion dinars annually this fiscal year and next year, Essam al-Marzouq, Kuwait's oil minister, said.

Marzouq and KPC CEO Nizar al-Adsani made the comments at an industry conference.


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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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