Kuwait will start this year the first phase of a heavy oil field production, aiming to boost heavy crude output to 430,000 bpd from 60,000 bpd by January, the official Kuwait News Agency (KUNA) reports . Heavy crude oil production from the first phase of an oil field in northern Kuwait, known as “Al-Ritqa” is forecast to hit 11,000 bpd in August this year, KUNA quoted Kuwait Oil Company (KOC) as saying. The Al-Ritqa oil field project is aimed at boosting heavy crude oil production to 430,000 bpd from 60,000 bpd via multiple production phases by January, Fatama Al-Kanderi, who is responsible for project planning at KOC, said at a recent panel discussion organized by the Kuwaiti oil ministry. Increasing heavy crude output in northern Kuwait is one of the pillars of the Kuwaiti 2040 oil production strategy, KUNA quoted Al-Kanderi as saying at the panel. Nearly two years […]