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EN
Kuwaiti oil production capacity reaches highest in over 10 years
['The New Arab Staff']
The New Arab
Kuwait's crude oil production capacity stands at 3.2 million barrels per day (bpd), oil minister Tariq Al-Roumi said in an interview with local newspaper Al Qabas, the highest assessment in more than 10 years.
A former Kuwaiti oil minister said in 2023 that the country hopes to have a higher oil production quota when it ramps up capacity.
Kuwait's capacity peaked at 3.3 million bpd in 2010 before slipping below 3 million bpd.
A KPC executive said in 2023 that Kuwait would reach 3.2 million bpd capacity by 2025 or 2026 as part of a broader plan to boost capacity to 4 million bpd by 2035.
OPEC, meanwhile, expects demand to grow by 1.3 million bpd this year and 1.4 million bpd next year.
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