DELAYS BEDEVIL KUWAIT’S OIL PRODUCTION BOOST PLAN
June 1st, 2008
BY PAUL COCHRANE, in Beirut
THE KUWAIT Project, the country's multi-billion dollar plan to boost oil production capacity to 4million/bpd (barrels per day) by 2020, is still lagging way behind schedule, with the opposition in its parliament preventing progress while international oil companies are getting cold feet due to the delay.
The project, to be implemented by Kuwait's Oil Development Company (ODC), a subsidiary of the Kuwait Petroleum Company (KPC), has been in the cards since 1991, with the intention of developing heavy oil production in the country's ...
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