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Kuwait ninth largest oil producer in world

Kuwait ranked ninth among the world’s largest oil producers in 2022, with an average production of 2.7 million barrels per day, adding that there are indications of a significant increase in Kuwait’s oil production in the aforementioned year compared to its counterpart in the previous year, while KPC plans to increase its daily production to 3.5 million barrels by 2025, reports Al-Jarida daily.

Most of the oil production operations in the country take place in southeastern Kuwait, specifically in the large Burgan field, which produces more than 1.6 million barrels per day, and Yahoo Finance expected that Kuwaiti oil revenues would be close to $82 billion or may have exceeded this barrier, according to the figures contained in the year’s budget. fiscal year that ended March 31, 2023 due to higher oil prices in 2022. In the same context, the site indicated that Kuwait relies on oil to generate more than 90% of its national income, and the site published a list of the top 10 oil-producing countries in the world as follows

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