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Kuwait prepares to restart Neutral Zone oilfields

The country said any additional supplies will compensate for a cut from other fields

Reuters
Reuters

15 December, 2016

Kuwait prepares to restart Neutral Zone oilfields

TT

16

Kuwait is preparing to restart production from oilfields jointly operated by Saudi Arabia and Kuwait but any additional supplies will compensate for a cut from other fields, the OPEC country’s oil minister said on Thursday.

Essam Abdul Mohsen Al-Marzouq told reporters in Kuwait that the step to restart the oilfields in the Neutral Zone, which lies between both countries, awaits a final decision from the political leadership.

“We will commit to our share in OPEC [cut deal] and any [additional] production from the Neutral Zone will mean a reduction in output from other fields,” he said.

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