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Kuwait, Saudi agree to resume Khafji operations

KUWAIT, March 29, 2016

Kuwait has agreed with neighbouring Saudi Arabia to resume production at the joint Khafji oilfield, the Opec member's acting oil minister said on Tuesday.

Anas Al-Saleh, who is also Kuwait's finance minister, told reporters in Kuwait city that production from Khafji would be small and gradual, "according to the environmental considerations."

The Khafji oilfield was shut in October 2014 for environmental reasons. It had been producing 280,000-300,000 barrels per day (bpd) and is operated by Al-Khafji Joint Operations Co, a joint venture between AGOC, a subsidiary of state oil firm Saudi Aramco, and Kuwait Gulf Oil Co.  - Reuters




Tags: Saudi | Kuwait | oil field | Khafji |

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