Kuwait says agrees with Saudi to resume Khafji oilfield operations

 29 Mar 2016 - 12:40

Kuwait says agrees with Saudi to resume Khafji oilfield operations
Kuwaiti finance minister Anas al-Saleh, speaks during a press conference in Kuwait city on January 26, 2015. AFP /Yasser Al-Zayyat


KUWAIT: 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