Mubasher: Kuwait intends to invest $112 billion in the oil and gas field during the coming five years, as reported by MEED, according to executive officials at Kuwait Petroleum Corporation (KPC).

Kuwait plans to raise its oil production to 4 million barrels per day (bpd) by 2020 compared to the current level of 3.2 million bpd, MEED added, according to KPC’s official.