Kuwait aims to resume oil production in neutral zone

Mubasher: The Kuwaiti government hopes to resume crude oil production in fields jointly operated by Kuwait and Saudi Arabia, according to deputy foreign minister Khaled Al-Jarallah.

"We hope to solve this dispute with Saudi Arabia so that oil production in the neutral zone can continue," the minister was quoted by the Kuwait News Agency (KUNA), after heading Kuwait's delegation to the Gulf Cooperation Council (GCC) ministerial talks dealing with joint work.

The two countries halted output from the jointly run oilfields in the so-called Neutral Zone more than three years ago, reducing production by around 500,000 barrels per day or 0.5% of global oil supply.

Mubasher Contribution Time: 06-Nov-2018 21:18 (GMT)
Mubasher Last Update Time: 07-Nov-2018 09:56 (GMT)