(MENAFN) Kuwait reserved a USD 115bn in order to spend on oil projects among the coming five years, despite the decline in oil prices.
Moreover, over USD 100bn will be spent on the regional market and the rest abroad, while over two-thirds of the spending has been allocated for production.
Additionally, the country plans to raise its production capacity, recently just more than 3.0mn barrels per day to 4.0mn bpd by 2020.
On the other hand, it also aims to build four gathering centers, hold a key project to boost heavy oil production and raise output of free natural gas.
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