DUBAI - Kuwait Petroleum Corp. aims to produce 85,000 barrels of heavy crude oil a day by 2020/21, and 110,000 barrels per day by 2030/31, according to the text of a speech given by its CEO on Monday, seen by Reuters.

The state-owned company aims to reach a production target of 430,000 barrels of heavy crude per day by 2040/41.

(Reporting by Ahmed Hagagy, Writing by Nafisa Eltahir, Editing by Susan Fenton) ((Nafisa.Eltahir@thomsonreuters.com;))