Kuwait has acknowledged defeat on its bid to increase production capacity to 4mn b/d by 2020. The cornerstone of this was Kuwait Oil Company’s 3.65mn b/d target, but in late-2018 this was pushed back to at least 2023. The next planned milestone is the mid-2019 start of the Lower Fars Phase One Heavy Oil development. A new team at the top will have to contend with an increasingly agitative parliament.
| Crude Output | 2.67 | mn b/d |
| Crude Exports | 1.99 | mn b/d |
| Gas Output | 1.69 | mn cfd |
| Gas Imports | 0.44 | mn cfd |
21 Aug, 2020
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Kuwait’s Finance Minister warned parliament that unless a key debt law is swiftly passed it will be unable to fully pay salaries by November.
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