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Commodities Briefing - Categorized | Investment, Oil more

Kuwait to spend $100 bln on oil projects over 5 years

Posted on 06 November 2012

OPEC member Kuwait plans to spend some $100 billion on oil projects inside and outside the Gulf state over the next five years, a top oil executive said Monday.
“Around $100 billion has been earmarked for oil projects … 60 percent of it on upstream projects inside and outside Kuwait,” CEO of national oil conglomerate Kuwait Petroleum Corp. Faruq al-Zanki told reporters………………………………………..Full Article: Source


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