Kuwait's KPC says crude oil production capacity to reach 4.75 mln barrels a day in 2040

Kuwait's KPC says crude oil production capacity to reach 4.75 mln barrels a day in 2040

Reuters Staff

KUWAIT, Jan 31 (Reuters) - Kuwait Petroleum Corp said on Wednesday it aimed to reach crude oil production capacity of 4.75 million barrels per day (bpd) in 2040.

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Chief Executive Officer Nizar al-Adsani also said refining capacity was expected to grow to 2 million bpd by 2035.

KPC is expected to spend $114 billion in capital expenditure over the next five years and an additional $394 billion beyond that to 2040, he said. (Reporting By Ahmed Haggagy; Writing By Maha El Dahan; Editing by Christian Schmollinger)

https://www.reuters.com/article/kuwait-oil/kuwaits-kpc-says-crude-oil-production-capacity-to-reach-4-75-mln-barrels-a-day-in-2040-idUSB2N1NW01Y

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