Kuwait prepares to restart Neutral Zone oilfields, commits to OPEC deal
Output from the Neutral Zone will mean a reduction in output from other fields
Kuwait is preparing to restart production from oilfields jointly operated by Saudi Arabia and Kuwait but any additional supplies will compensate for a cut from other fields, the OPEC country’s oil minister said on Thursday.
Essam Abdul Mohsen Al-Marzouq told reporters in Kuwait that the step to restart the oilfields in the Neutral Zone, which lies between both countries, awaits a final decision from the political leadership.
“We will commit to our share in OPEC (cut deal) and any (additional) production from the Neutral Zone will mean a reduction in output from other fields,” he said.
No change on Kuwait, Saudi talks over joint oil field differencesKuwait will raise its oil production capacity this year without relying on neutral zone jointly run fields. Energy
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