8.58 PM Wednesday, 24 April 2024
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 04:27 05:45 12:20 15:47 18:49 20:07
24 April 2024

Kuwait's crude oil capacity at 3.15 mbpd

(AFP)

Published
By Reuters

Kuwait's current crude output capacity stood at 3.15 million barrels per day (bpd), a senior official from the Kuwait Oil Company (KOC) said.

Around 2.85 million bpd of that capacity belonged to state-owned KOC, while the other 300,000 bpd was Kuwait's capacity in the Neutral Zone, said Mohammed Husain, Deputy Chairman of the firm.

Current average output capacity from the Neutral Zone is around 538,000 bpd. The zone is a region between Kuwait and Saudi Arabia that dates back to 1920s treaties to establish regional borders.

 

Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.