Saudi–Kuwaiti neutral zone production is back in December

Saudi–Kuwaiti neutral zone production is back in December

The Kuwait Gulf Oil Company (KGOC) completed the procedures for the return of production last week to resume production next December.

The KGOC completed its regulatory procedures for the return of production in the Khafji and Wafra oilfields jointly last week after its Board of Directors approved the maintenance contracts required by the Wafra field.

Acting Chief Executive Abdullah Al-Sumaiti issued a decision to speed up the operation of the Nuwaisib Port, the borders of Kuwait with KSA, for workers in the divided area of Khafji area.

The divided area covers an area of ​​5,770 square kilometers on the border between the two OPEC members states; Saudi Arabia and Kuwait, which was not included in the demarcation of the border between the two countries in 1922.

The two countries cut production from the Khafji and Wafra oilfields more than four years ago, cutting about 500,000 bpd, or 0.5% of global oil supply.