ABU DHABI — Kuwait has been steadily bolstering its crude oil
production capacity.
Officials said the Gulf Cooperation Council sheikdom, the fourth largest
oil exporter, has reached a crude oil output capacity of 3.15 million
barrels per day.
They attributed the 20 percent increase in Kuwait's
capacity to exploration and development of reserves as well as advanced
technology.
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"We are at 3.15 million barrels per day capacity today, and hopefully
will push to reach the target of 3.5 million barrels per day in 2015,"
Kuwait Oil Co. deputy chairman Mohammed Hussein said.
[On Feb. 2, Kuwait's parliament approved a four-year energy development
plan valued at more than $100 billion in an effort to increase oil and
natural gas production. Under the plan, the private sector would gain
greater access to sheikdom energy projects.]
Addressing an energy conference in the United Arab Emirates on Feb. 1,
Hussein said Kuwait was scheduled to launch operations of oil and gas
gathering stations in 2010. He said one such facility would add 165,000
barrels of oil per day to the sheikdom's capacity, while another would
bolster output by 100,000 barrels per day.