By: Ahmad Awad
Kuwait-Mubasher: Kuwait has suffered about $70 million losses due to a strike that oil and gas workers began Sunday, as crude oil production reached 1.1 million barrels per day, down from 3.3 million bpd.
Gas production reached 620 million cubic meters, said spokesman of Kuwait Oil Company (KOC) Saad Al-Azmi.
The spokesman said that the production came due to an emergency plan set for the workers’ strike.
KOC’s daily output of 3 million bpd forms 90% of Kuwait’s overall oil production.
Meanwhile, crude oil reached $36.49 a barrel on Friday, according to latest data issued by Kuwait Petroleum Corporation.
