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FINANCIAL NEWS
Kuwait Petroleum Corp aims to reach 510mn gas production
21 Jul 2017
(MENAFN) Kuwait Petroleum Corporation and its affiliates aim to reach free gas production capacity to 510mn cubic feet and enhance light oil output to 200 thousand barrels per day by Dec.
Accordingly, the capacity would be boosted amid three production units to be configured soon, all of which will churn out 100 cubic feet of free gas and 40.000 bpd of light oil.
In addition, the country has cooperated with reputable gas exploration and production firms to support meet its growing need for natural gas.
Moreover, Kuwait, amid co-op with staunch ally Saudi Arabia, was eager to boost its gas fields in order to enhance production capacity.
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MENAFN2107201700450000ID1095642596
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