Kuwait delays oil-capacity plan
Global economy cited in decision to wait on expansion
Posted: October 7, 2009 at 4:11 a.m.
Kuwait is delaying by a decade plans to increase its crude oil output capacity to 4 million barrels per day because of weakness in the market, its oil minister said Tuesday in an indication of the challenges confronting the OPEC member that sits atop 10 percent of the world’s proven crude reserves.
This story is only available from the archives. Click here to contact the online desk.
Business, Pages 23 on 10/07/2009
(Advertisement)
« Previous Story
Australia signals future rate boosts
Australia, the first Group of 20 nation to raise interest rates since the start of the global financial crisis more than a year ago, has signaled further increases in comin... Read »
Next Story »
Winter heating bills set to drop
There’s good news for people worried about winter heating bills. Read »
Comments
To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Please read our comment policy.
Use the comment form below to begin a discussion about this content.
Registration is required to make comments. Click here to LOGIN.
You can register for FREE to post comments and receive alerts.