Kuwait to spend 87 billion dollars on oil projects

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KUWAIT CITY — Kuwaiti Oil Minister Sheikh Ahmad Abdullah al-Sabah said on Sunday the emirate plans to spend 25 billion dinars (87 billion dollars) on oil projects until 2030.

"We plan to spend 25 billion dinars on capital projects and annual maintenance and services works from now until 2030," he told reporters after opening an oil exhibition.

The projects include building a new oil refinery, he said.

Opposition from parliament over procedural flaws forced the government to scrap a project earlier this year to construct a 15-billion-dollar refinery.

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