Kuwait Says Light Crude Production Sits At 180,000 Barrels Per Day

 Kuwait currently churns out around 180,000 barrels of light crude oil per day, in addition to half a billion cubic feet of free gas, state-run Kuwait Oil Company (KOC) said on Tuesday.

Light crude oil production is likely to increase to 250,000 barrels per day, while gas output is expected to spike to 850 million cubic feet in three years, KOC's director of production operations Ali Al-Kanderi said amid a panel discussion to mark Kuwait's first light crude shipment.

As for the distant future, he predicted that crude oil output may reach 3,650 million barrels by the year 2023.

 

SOURCE : GDNONLINE

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