Kuwait's oil minister has said the country is to launch oil projects valued at almost $35bn as part of its four-year development plan for the industry, The National has reported. The projects will include a fourth oil refinery in Kuwait and an upgrade at the state's three existing refineries. The project will boost capacity of two of the three existing refineries from 730,000 bpd to 800,000 bpd, Sheikh Ahmad al-Abdullah al-Sabah told the daily in an interview.