2018-11-07
 
KUWAIT: Kuwait plans to increase production capacity of light oil in five years to 250,000 barrels per day (bpd) from about 175,000 barrels per day (bpd), Kuwait's chief executive Jamal Jaafar said on Wednesday.
 
The Kuwaiti official said during a ceremony broadcast by state television on the export of the first shipment of light oil in the history of Kuwait in the presence of the Emir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah.
 
"The company is striving to start implementation of the third phase (of the development of Jurassic fields in northern Kuwait) aimed at raising the production capacity of free gas to one billion cubic feet per day," Jafar said.
 
Kuwaiti Oil Minister Bakheet al-Rashidi said during the ceremony that his country has reached the current capacity of 500 million cubic feet of gas per day and 175 thousand barrels per day of light oil from the fields of the north.
 
In July, Kuwait announced its first export of light crude