Saudi king to visit Kuwait Hope for Khafji

Kuwait Times - - FRONT PAGE -

KUWAIT:

Saudi King Sal­man is to visit Kuwait next week as hopes rise in the state of a re­sump­tion of pro­duc­tion from a jointly run oil­field af­ter a twoyear shut­down. The king will travel to Kuwait on Dec 8 af­ter a Gulf summit in Bahrain and stay for three days, Al-Jarida news­pa­per re­ported yes­ter­day. His visit comes as the state-owned Kuwait Gulf Oil Co (KGOC) read­ies for a long hoped-for re­sump­tion of pro­duc­tion from the off­shore Khafji field, jointly run with Saudi Aramco Gulf Op­er­a­tions.

In an in­ter­nal memo seen by AFP, KGOC asked staff to make the nec­es­sary prepa­ra­tions. It or­dered im­ple­men­ta­tion of a Startup Readi­ness Plan to put “fa­cil­i­ties in op­er­a­tional ready state within least pos­si­ble pe­riod in or­der to achieve the re­sump­tion of Khafji crude oil pro­duc­tion”. Out­put from the Khafji field was halted in Oct 2014. Saudi Ara­bia cited en­vi­ron­men­tal con­cerns but the move came amid a slump in prices that put pres­sure on pro­duc­ers around the world.

The halt to the field’s pro­duc­tion of 300,000 bar­rels per day - shared equally be­tween the two coun­tries - hit Kuwait far harder than Saudi Ara­bia. The state lacks the spare pro­duc­tion ca­pac­ity its gi­ant neigh­bor enjoys. — AFP

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