By: Ahmad Awad
Kuwait-Mubasher: Kuwait is planning on increasing oil production to 3.15 million barrels a day by the end of 2016, said CEO at Kuwait Petroleum Corporation Nizar Al-Adsani.
The country’s oil revenues form 90% of the overall revenues, Al-Adsani said during Kuwait Investment Forum, adding that Kuwait plans to raise the production to 4 million barrels per day by 2020.
It is noteworthy that Kuwait currently produces 3 million barrels per day which forms 3% of the global production.
