Nabil Bouresli, the managing director of international marketing at Kuwait Petroleum Corp, said those investments included adding refining and petrochemical production in Kuwait and abroad.
Kuwait's current oil production capacity is around 3.15 million bpd, and it has long said it plans to raise this to 4 million bpd by 2020 and maintain this level to 2030.
It lowered exports by 4 million barrels in January and would reduce them by the same amount in February, he added.
A ministerial committee meeting between OPEC and non-OPEC producers is scheduled in Kuwait for March 26. This will be the second meeting after ministers met in Vienna in January to monitor compliance to the agreed cuts.
(Reporting by Ahmed Hagagy; Writing by Reem Shamseddine; Editing by Mark Potter) ((Reem.Shamseddine@thomsonreuters.com; +966503335202; Reuters Messaging: email@example.com))
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