Kuwait announces a $50 billion investment plan to significantly increase its oil production capacity over the next five years, with long-term goals extending to 2040.

The price of Kuwaiti crude oil declined by US$2.45 on Thursday, settling at US$64.08 per barrel, down from US$66.53 the previous day, the Kuwait Petroleum Corporation announced.According to the Kuwait ...

Kuwait plans to pump as much as $50 billion into projects to expand its oil production capacity to more than 3 million barrels per day (bpd) over the next five years, a senior Kuwaiti oil official ...

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for every 2 shares held Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 3,03,386.01 Crore) operating in Gas & Petroleum sector.