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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
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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