Official: Kuwait to produce 4M barrels of oil daily by 2020
KUWAIT CITY (AP) — Kuwait's oil minister says his country still plans to produce 4 million barrels of oil a day by 2020, even as global crude prices have slumped. Ali Al-Omair made the comments Monday at an oil and gas conference in the capital, Kuwait City. The state-run Kuwait News Agency also quoted al-Omair as saying Kuwait's production now stood at 3 million barrels of oil a day and that any U.S. decision to export crude oil wouldn't have an impact on Kuwait. Meanwhile, KUNA quoted the CEO of the Kuwait Oil Co., Nizar al-Adsani, as ...
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