Official: Kuwait to Produce 4 Million Barrels of Oil Daily by 2020
10/12/2015
KUWAIT CITY (AP) — Kuwait’s oil minister says his country still plans to produce 4 million barrels of oil a day by 2020, even as global crude prices have slumped.
Ali Al-Omair made the comments Monday at an oil and gas conference in the capital, Kuwait City. The state-run Kuwait News Agency also quoted al-Omair as saying Kuwait’s production now stood at 3 MMbpd and that any U.S. decision to export crude oil wouldn’t have an impact on Kuwait.
Meanwhile, KUNA quoted the CEO of the Kuwait Oil Co., Nizar al-Adsani, as saying Kuwait may import natural gas from Iraq and Iran to power its electricity plants.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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