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Kuwait Petroleum Aims to Produce 85,000 bpd of Heavy Crude by 2020/21

Source: Reuters 12/10/2018, Location: Middle East

Kuwait Petroleum Corp. aims to produce 85,000 barrels of heavy crude oil a day by 2020/21, and 110,000 barrels per day by 2030/31, according to the text of a speech given by its CEO on Monday, seen by Reuters.

The state-owned company aims to reach a production target of 430,000 barrels of heavy crude per day by 2040/41.

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