Khaled Al-Sabah: Kuwait exports approximately one million barrels of crude oil per day

The Managing Director of Global Marketing at Kuwait Petroleum Corporation (KPC), Sheikh Khaled Ahmad Al-Sabah, affirmed that Kuwait continues to strengthen its ties with customers and partners in global energy markets, reiterating that oil supplies will persist despite the fallout from the war between the United States and Iran and the disruptions in the Strait of Hormuz.

Sheikh Khaled Ahmad Al-Sabah, in remarks relayed by KPC via its official social media accounts during his participation in the Asia-Pacific Petroleum Conference (APPEC 2026) in Singapore, stated, “Our ports are open, and we will continue to strengthen our relationships with our customers and partners as we build a stronger, more resilient future together.”

He added that KPC continues to supply all its customers, although some volumes are lower than before. He noted that the corporation continues to operate its own fleet and is seeking opportunities in the market to purchase additional tankers.

Meanwhile, Reuters reported on Sheikh Khaled Al-Sabah’s speech, highlighting his comments that KPC is exploring options to secure oil supplies for customers amid the conflict, including building pipelines through neighboring countries and constructing storage facilities. He pointed out that “maritime shipping has become a highly sought-after commodity.”

He emphasized that KPC’s ownership of its own fleet and control over its operations give it an advantage over competitors, noting that it uses its own tankers alongside chartered vessels to transport oil.

In remarks cited by Bloomberg, Sheikh Khaled Al-Sabah confirmed that Kuwait is currently exporting approximately one million barrels of crude oil per day, including volumes transferred ship-to-ship outside the Strait of Hormuz, as well as direct deliveries to customers.

He added that Kuwaiti crude exports have recovered, with more tankers finding ways to navigate the Strait of Hormuz, following a drop in exports to multi-year lows after the outbreak of hostilities in late February.

He clarified that buyers taking delivery of crude outside the Strait of Hormuz will incur additional costs for delivery to compensate for transit risks, while customers receiving shipments within the Arabian Gulf will receive discounts.

He further explained that Kuwait is establishing alternative pipeline routes for crude exports, including through Saudi Arabia and the United Arab Emirates. He noted that Kuwait plans to increase refinery utilization rates to boost fuel supplies, amid ongoing shortages in the market for petroleum products, including diesel.