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Kuwait halts oil exports due to bad weather

Kuwait City, February 22, 2009

Kuwait halted oil exports on Sunday morning due to bad weather, a spokesman for state refiner Kuwait National Petroleum Co (KNPC) said.

'Oil exports were stopped on Sunday morning due to low visibility and will resume once weather conditions are better,' Ahmad Al-Muzaiel told Reuters.

The Opec member, which sits on 10 percent of global oil reserves, pumped around 2.32 million barrels per day in January, according to a Reuters survey.        

The world's seventh-largest oil exporter has three refineries -- Shuaiba, Mina Abdullah and Mina al-Ahmadi -- with a total refining capacity of around 930,000 bpd.

Meanwhile, oil exports from Saudi Arabia's largest terminal at Ras Tanura were unaffected by bad weather, a shipping agent said. Ras Tanura is the world's largest offshore oil facility with capacity to load between 5.5 million and 6 million barrels per day (bpd) of oil.

"It is windy but there is no problem at all for crude tankers," said the agent.

One small vessel due to load liquefied petroleum gas (LPG) had been delayed, he added.-Reuters




Tags: Oil | Ras Tanura | Kuwait | Bad weather | KNPC |

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