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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




Tags: Oil | KPC | Kuwait Petroleum Corp |

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