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Talks with Saudi Arabia on Al-Khafji Oil Field Proceeding

Source: KUNA 10/16/2017, Location: Middle East

Minister of Oil, Electricity and Water Essam Al-Marzouq announced that discussions with Saudi authorities over Al-Khafji oil field are proceeding. 'There are simple matters that need to be thrashed out, then production will resume,' said the minister in a statement to journalists after opening an exhibition on sidelines of Kuwait Third Oil and Gas Conference.

Minister Al-Marzouq indicated that the environmentally friendly fuel project at Mina Abdullah Refinery and Mina Al-Ahmadi was in the final phase, adding that work was also proceeding as scheduled at site of Al-Zor Refinery venture, forecast to finish by end of 2019.

Regarding accord by OPEC and non-OPEC oil producers on slashing the crude output, he expressed satisfaction 'at the substantial adherence to the production cut, effective between the past January and September.

'We hope that the concerned States proceed with that approach till end of the extension, March 31.' In November, 'we will examine figures of the first four months of the extension and accordingly, we will assess the situation and issue recommendations to the ministerial conference due to examine prospected further extension (of the production slash).'

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