Kuwait Oil Output Steady At 3M B/D - Official

Kuwait Oil Output Steady At 3M B/D - Official
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Δευ, 9 Απριλίου 2012 - 16:08
OPEC member Kuwait's oil production is averaging 3.0 million barrels a day, a senior official said Monday, an output level it has kept up for the past seven months.
OPEC member Kuwait's oil production is averaging 3.0 million barrels a day, a senior official said Monday, an output level it has kept up for the past seven months.

"
Kuwait is producing at an average of three million barrels a day... This is (almost) the production capacity but we have a spare capacity of between 150,000-200,000," head of state-owned Kuwait Oil Co. Sami al-Rasheed told reporters.

Kuwait boosted its daily output to around three million barrels a day in September and has maintained those levels in the face of rising global demand for crude oil.

Oil prices slid in Asian trade Monday, underpinned by weaker-than-expected unemployment data from the U.S.

Rasheed said the Gulf emirate plans to launch seismic studies this year off the coast of
Kuwait City to explore whether to go ahead with drilling operations or not.

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