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Kuwait’s oil budget to total $500bn until 2040

Kuwait’s oil budget to total $500bn until 2040
This budget will cover a slew of projects inside and outside Kuwait

Mubasher: The budget allocated to the oil sector in Kuwait is estimated at more than $500 billion until 2040, as reported by Al Rai Newspaper, according to sources in the oil industry.

The sources noted that the budget set for the oil sector is expected to reach $100 billion in the coming five years, Al Rai added.

This budget will cover a slew of projects inside and outside Kuwait, with a plan to generate the highest return, Al Rai said, citing sources as saying.