OPEC member Kuwait plans to up its crude output capacity from 3 million barrels per day to 3.2 million barrels a day by 2015, the chairman and managing director of Kuwait Oil Co. said in remarks published Monday.

The Gulf state aims to up its crude-oil production capacity by a third to 4 million barrels per day by 2030.

"The target for 2015 is to reach 3.2 million barrels per day...so what is left is 200,000 barrels per day, which will be produced from the north of Kuwait ," Sami Al-Rushaid said, according to the state-run Kuwait News Agency, or KUNA.

Kuwait plans to spend $100 billion on oil projects inside and outside the Gulf state over the next five years as part of its long-term strategy to boost output, KUNA quoted the chief executive of national oil conglomerate Kuwait Petroleum Corp. Faruq al-Zanki as saying.

Gulf Arab producers, lead by the world's top oil exporter Saudi Arabia, have increased their output in recent months following calls by the U.S. and other governments to make up for displaced Iranian barrels because of international sanctions against Tehran's nuclear program.
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