Kuwait to cut crude pro­duc­tion from Jan 1

Kuwait Times - - FRONT PAGE -

Oil com­pa­nies in Qatar and Kuwait yes­ter­day an­nounced that they will re­duce pro­duc­tion lev­els from the be­gin­ning of the year. Na­tional oil con­glom­er­ate Kuwait Petroleum Corp (KPC) said yes­ter­day it has in­formed its clients that their ex­port quan­ti­ties will be re­duced, start­ing in Jan­uary. It did not pro­vide any de­tails of the quan­ti­ties to be re­duced, but lo­cal me­dia said Kuwait’s share is around 130,000 bar­rels a day out of its daily out­put of 3.0 mil­lion bpd.

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