Kuwait Aims for Oil Output Boost Under OPEC+ Plan
Kuwait's oil minister Saad Al Barra stated the country's crude oil production capacity is at 3.2 million barrels per day. Kuwait plans to increase its production under the OPEC+ accord to 2.559 million barrels per day by October, as per Al Barra's interview with Al Qabas.
- Country:
- Kuwait
Kuwait is setting its sights on increasing its crude oil production, with a current capacity standing at 3.2 million barrels per day, according to the nation's oil minister, Saad Al Barra. He conveyed this information in an interview with the Kuwaiti newspaper Al Qabas.
In line with the OPEC+ agreement, Kuwait has charted a course to elevate its oil output to 2.559 million barrels per day starting from October. This adjustment aims to align with the multilateral production goals set forth by the consortium.
Al Barra's statements underscore Kuwait's strategy to play a more significant role in the global oil market, signaling its commitment to meeting international production demands and maximizing its strategic resources.
(With inputs from agencies.)
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