State-run Kuwait Petroleum Corp (KPC) will invest approximately $90bn over the next five years in its oil and gas businesses and growth strategy, a company offical said on Tuesday.
Hashin Al Rifai, KPC's planning manager, told reporters the investments were part of a longer-term programme that envisions $340bn in spending to 2030.
"On the oil sector capital programme, we are well on track and poised to spend around $90bn in the coming five years...that is going to mushroom to $340bn over the 2030 plan period," he said.
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