Kuwait eyes output boost

Kuwait

DUBAI, November 7, 2018 – Kuwait is planning a boost in oil and gas output after the launching of a new crude grade, local and international media reported on Wednesday.

“The company seeks to […] increase our production capacity of natural gas to 1 billion cubic feet [28.3 mcm] per day and to 250,000 [bopd] of light crude in the next five years,” Jamal Jaafar, the CEO of NOC Kuwait Oil Company, said in a TV interview cited by Gulf News.

The remarks came at the official launch of exports of Kuwait Super Light Crude with an API gravity of 47 degrees and sulphur content of 1.6%. Nevertheless, some sales of the new grade were reported earlier this year.