Kuwait Petroleum Corp (KPC) expects to spend KWD35bn (USD114.8bn) on oil projects in the next five years, the company’s CEO Nizar al-Adsani said on Monday. Spending by KPC and its affiliates on local services and products will jump to KWD1.2bn annually this fiscal year and next year, Essam al-Marzouq, Kuwait's oil Minister, said. (Reuters)
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