Saudi Arabia and Kuwait have stated that they are working to increase Neutral Zone crude oil production

  • 12/12/2021

Kuwait : Saudi Arabia and Kuwait are working to increase crude oil production at their shared Neutral Zone fields, which could be a key source of additional barrels as OPEC+ spare capacity is expected to tighten significantly in 2022.


"Coordination is currently underway between companies operating in the divided area and the adjacent submerged area," the two countries said in a joint statement Dec. 10 as Saudi Crown Prince Mohammed bin Salman concluded a tour of Gulf Cooperation Council countries with a visit to Kuwait.


According to S&P Global Platts, crude production in the Neutral Zone's onshore Wafra and offshore Khafji fields has suffered from technical challenges caused by the shutdown, with output ranging from less than 200,000 b/d some months to as high as 270,000 b/d in others.

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