May 20, 2020 / 9:37 PM / 11 days ago

Kuwait and Saudi Arabia to halt production from Al-Khafji joint oil field for a month -official

CAIRO, May 20 (Reuters) - Kuwait and Saudi Arabia will halt oil production from the joint Al-Khafji field for one month, as of June 1, Kuna reported on Wednesday citing a Kuwaiti oil official.

“Production cuts comes after OPEC+ meeting in April to cut oil production to rebalance global oil markets”, said Abdullah Al-Sumaiti acting CEO of Kuwait Gulf Oil Company (KGOC).

“Production will automatically resume as of July 1st”, he added. (Reporting by Hesham Abdul Khalek; Editing by Sandra Maler)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below