|23 January, 2020

Kuwait plans to restart Wafra field oil production

Fields in the so-called neutral zone can produce as much as 500,000 barrels a day

Oil is collected at a production facility at the Burgan oil field January 13, 2003 in Central Kuwait. Image used for illustrative purposes.

Oil is collected at a production facility at the Burgan oil field January 13, 2003 in Central Kuwait. Image used for illustrative purposes.

Getty Images/Scott Nelson

KUWAIT CITY - Wafra has been shut since May 2015, due to a dispute over Saudi Arabia’s renewal of Chevron’s concession there, reports ArabianBusiness.com. Kuwait plans to restart oil production by March at the Wafra field that it shares with Saudi Arabia, more than four years after the neighbours halted output.

Wafra has been shut since May 2015, due to a dispute over Saudi Arabia’s renewal of Chevron’s concession there. The field will resume pumping by March, Kuwaiti Oil Minister Khaled Al-Fadhel said Wednesday by phone.

Kuwait’s Parliament voted earlier in the day to ratify the agreement the country reached with Saudi Arabia in December to resume production at their shared oil deposits.

Fields in the so-called neutral zone can produce as much as 500,000 barrels a day – more than each of OPEC’s three smallest members pumped last month.

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