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Kuwait may reach 4m bpd capacity 'ahead of schedul
CAIRO: Kuwait could boost its oil capacity to four million barrels per day eight years earlier than planned after recently announced finds, Kuwait's oil minister said yesterday.
"We could," said Shaikh Ali Al Jarrah Al Sabah, when asked about a Kuwaiti newspaper report last weekend that said capacity could reach 4m million bpd by 2012 instead of the previous target of 2020.
Opec member Kuwait's existing capacity is 2.8m bpd.
Last month, Kuwait made an oil and gas find in the Al Dhabi region in the north of the country.
Shaikh Ali described the find as important.
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