LOC16:14
13:14 GMT
2020
KUWAIT, Feb 5 (KUNA) -- In response to changes that the future bears, the
Kuwait Petroleum Corporation (KPC) intends to modernize its strategy to bring
up production levels to four million barrels per day by 2020, KPC CEO Saad
al-Shuwaib said on Tuesday.
Speaking to reporters as he inauguarated the new 50 million Kuwaiti dinar
worth KPC oil sector complex, Shuwaib said the coporation was holding on to
its strategy to increase production levels and that a study would be preapred
for the official authorities within the next few months in this regard.
He said there were several projects through which the corporation would
achieve its objective, noting that reaching the four million barrels a day
level is a challenge that KPC workers pursue to achieve.
He said the corporation intends to increase production of light crude,
start producing heavy crude and work on the country's northern oil fields.
On today's inauguration ceremony, Shuwaib said the complex represented a
launch on a health and working environment to double capabilities of the KPC
workers. (end)
ahj.bz.
KUNA 051614 Feb 08NNNN