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Kuwait Petroleum Corporation

Qiyas summary

Sheikh Nawaf Al-Saud confirms the restoration of Kuwaiti oil production and emphasizes that returning to previous levels requires providing additional security measures for ships transiting the Strait of Hormuz.

Translated by Qiyas from الوسط — Original source

The Kuwait Oil Company’s CEO’s remarks on restoring oil production to over two million barrels per day, after it had plummeted to near-zero levels at the height of the crisis, and the resumption of crude oil exports to pre-war levels, are deeply reassuring and underscore the substantial efforts undertaken by the oil sector and relevant authorities to safeguard this vital resource. Sheikh Nawaf Al-Saud emphasized that restoring production to its previous level of 2.7 million barrels per day requires enhanced security measures for ships transiting the Strait of Hormuz. The war is devastating the foundations of life; all parties must seek solutions that move away from military action, which has proven futile and only perpetuates crises.

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