Opec member Kuwait has upped its crude production capacity by 100,000 barrels per day to 3.1 million barrels per day, the country’s energy minister said in remarks published on Monday.
The Gulf state is also on course to increase its crude-oil production capacity by a third to 4 million barrels per day by 2030, Hani Hussain said, according to state-run Kuwait News Agency, or KUNA.
Kuwait, the fourth-largest crude producer in the Organisation of the Petroleum Exporting Countries, saw its output steadying around 2.81 million barrels per day last month, according to a survey of industry sources and analysts conducted by Dow Jones Newswires.
Kuwait ups its crude production | GulfNews.com
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