Kuwait Petroleum Corp to spend $90bn in 5 years
Kuwait, April 5, 2011
Kuwait Petroleum Corp will spend around $90 billion over the next five years on its growth strategy, an offical said here on Tuesday.
Hashim Al-Rifai, managing director of planning at KPC, said in total the company expects to spend $340 billion between now and 2030 on projects.
'On the oil sector capital programme, we are well on track and poised to spend around $90 billion in the coming five years...that is going to mushroom to $340 billion over the 2030 plan period,' he said. - Reuters