INTERVIEW: Kuwait plans to boost oil output capacity with possible IOC partnerships

Kuwait Oil Co., which is responsible for exploring, developing and producing the country’s hydrocarbon resources, is targeting an increase in oil production capacity by the end of this year and into the next several years, with the possibility of forming partnerships with international oil companies to reach the goals, CEO Ahmad al-Eidan told S&P Global Commodity Insights. KOC’s oil production… Kuwait Oil Co., which is responsible for exploring, developing and producing the country’s hydrocarbon resources, is targeting an increase in oil production capacity by the end of this year and into the next several years, with the possibility of forming partnerships with international oil companies to reach the goals, CEO Ahmad al-Eidan told S&P Global Commodity Insights. KOC’s oil production… Read More