[SMM Flash]Kuwait Opens Oil Fields to Foreign Investment, Aims to Boost Capacity to 4M Barrels/Day by 2035

Published: Feb 3, 2026 17:52

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Kuwait has opened some of its oil fields to foreign investment and is leasing part of its pipeline network. The country plans to increase its oil capacity from the current approximately 3 million barrels per day to 4 million barrels per day by 2035. Kuwaiti Prime Minister Ahmed Abdullah stated that Kuwait Petroleum Corporation is planning to invite international oil companies to assist its production sector in developing offshore oil fields. These transactions may involve oil fields such as Jazah, Jlaiaa, and Nokhitha.

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