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FINANCIAL NEWS
Kuwait’s energy projects to receive USD 115bn support
30 May 2016
(MENAFN) Kuwait reserved a USD 115bn in order to spend on oil projects among the coming five years, despite the decline in oil prices.
Moreover, over USD 100bn will be spent on the regional market and the rest abroad, while over two-thirds of the spending has been allocated for production.
Additionally, the country plans to raise its production capacity, recently just more than 3.0mn barrels per day to 4.0mn bpd by 2020.
On the other hand, it also aims to build four gathering centers, hold a key project to boost heavy oil production and raise output of free natural gas.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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