Kuwait To Expand Oil Capacity By 33 Percent

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Hira Shahnawaz Akhtar
Published on
Updated on

Kuwait has announced that it is planning to raise crude oil production capacity to 4 million barrels per day (mbpd) from its current level of 3 mbpd, an increase of 33%. Kuwait wants to maintain its position as one of the largest exporters of crude oil and is currently pumping billion of dollars in to development projects in order to expand the export capacity of the country. KOC reveals long-term strategy “The state Kuwaiti Oil Company (KOC) has already raised capacity to two million bpd after Iraqi forces were ejected out of the emirate in 1991 and to three million…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.