Kuwait 2020 crude capacity target slips

摘要

Kuwaiti state-owned KPC’s upstream arm Kuwait Oil (KOC) has quietly abandoned a long-standing target to boost its crude capacity to 3.65mn b/d by 2020, as persistent bureaucratic and operational delays have left it playing catch-up. This suggests that Kuwait’s overall 4mn b/d target by 2020, including its share from the Neutral Zone shared with Saudi Arabia, has also been deferred