Kuwait is finally making serious progress on its ambitious targets for expanding crude production capacity and output. The $11.25 billion debt raise on Oct. 1 will help Kuwait toward its target of hiking crude output capacity to at least 3.5 million barrels per day by 2030 and 4 million b/d by 2035. With political gridlock in Kuwait largely cleared, international oil companies (IOCs) and oil-field services firms are ready to get to work in the emirate. Kuwait has now reached crude production capacity of 3.2 million b/d, according to comments made by Oil Minister Tareq al-Roumi last month. This compares to capacity of around 2.8 million b/d at the end of the 2024/25 financial year, in March, and actual production of 2.5 million b/d in August.