Energy projects worth KD6.5 billion are underway and they could boost oil output to 4 million barrels a day, said
Monday Kuwait's Minister of Energy, Sheikh Ahmad Al-Fahad Al-Sabah.
Speaking for the Minister at a conference on Future Projects in Kuwait, Abbas Naqi, Undersecretary of the Ministry of Energy for economic affairs, said that among large energy projects planned for Kuwait until the year 2020 will be the expansion of the three current oil refineries, the building of a new refinery, developing northern oil fields, updating power grids and water
desalination plants.
According to KUNA, managing director at Kuwait Oil Co (KOC) Ahmad Alarbeed said at the conference that plans for the future at KOC envision producing oil at a rate
of 4 million barrels a day, minimizing production costs, increasing safety work conditions, and establishing stronger ties with business partners. (menareport.com)
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