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Kuwait oil production seen rising 30% by 2018

Oil production in Kuwait is predicted to grow by nearly 30 percent by 2018, with crude volumes reaching 3.6m barrels per day, according to a new report.

Between 2008 and 2018, global research firm Business Monitor International said it was forecasting an increase in production of 29.3 percent.

Oil consumption in the same period is seen rising by 29.2 percent, with the country using 388,000 bpd by 2018.

The latest Kuwait Oil & Gas Report forecasts that the country will account for 2.71 percent of Middle East regional oil demand by 2013, while providing 10.35 percent of supply.

Arabian Business

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