Kuwait, currently producing 3.25 bpd (barrels per day), plans to increase oil production by 150,000 barrels a day to 3.4 million bpd by 2015. Additionally Kuwait Oil Company plans to add between 300,000 and 400,000 barrels to the company's oil production to meet the 2020 goal of producing 4 million bpd. This increase comes as the nation is experiencing a slow in the banking sector, leaders hope increased oil production will maintain the nation's stability. Currently a fair price for a barrel of oil osculates just over $100. Kuwait remains an important pillar of economic,social, and political security in the Gulf and Arab region, thus it is crucial that Kuwait maintains its stability.
http://www.sbs.com.au/news/article/2014/03/04/kuwait-raise-oil-capacity-34m-bpd
http://www.oil-price.net/
This is interesting since one of the major oil protests in Libya was recently shut down by protestors and rebel groups. I think that it honestly couldn't hurt things and since the oil industry isn't going so well in Libya maybe the increase in production from Kuwait will make up for oil output. If Kuwait is able to produce the proposed amounts they could be seen as a greater power in the gulf region.
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