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Kuwait to invest more than $300 bln in energy in the long term until 2040

Deputy Prime Minister, Minister of Oil and Minister of State for Economic Affairs and Investment Dr. Saad Al- Barrak has revealed Kuwait will invest more than $300 billion in energy in the long term until 2040, reports Al-Rai daily. On the sidelines of the eighth international symposium of the Organization of Petroleum Exporting Countries (OPEC), which was held in Vienna over two days, Al-Barrak said in a statement to Kuwait TV and KUNA that “the world needs today 500 billion dollars annually to invest in the field of energy… 

Link: http://www.arabtimesonline.com/news/kuwait-to-invest-more-than-300-bln-in-energy-in-the-long-term-until-2040/

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