Kuwait reaches maximum oil capacity
Mar 13, 2003 01:00 AM
Kuwait reports that it has reached its maximum oil production capacity. Kuwaiti Petroleum CEO Nader Al Sultan said
the sheikdom has reached its maximum oil output.
The official told that the state-owned company would maintain the maximum capacity of 2.4 mm bpd for what he termed a
brief period.
On March 3, Kuwait Oil Co. chairman Ahmed Al Arbeed, a subsidiary of Kuwaiti Petroleum, said the state-owned company
closed several oil fields near the northern border with Iraq in fear of sabotage and military attacks. Those fields
were said to have produced 700,000 bpd of oil.
But Al Sultan said Kuwait's oil production would not be affected by any US-led war against Iraq.
Source: MENL
