Sunday, 29 March , 2020     |     346      |      +      |     

Kuwait’s Kufpec keeping oil production at 108,000 barrels per day

Kuwait’s Kufpec keeping oil production at 108,000 barrels per day : Google

The Kuwait Foreign Petroleum Exploration Co (KUFPEC) is maintaining its oil output despite the drop in crude prices and global energy demand, the state-run KUNA news agency reported on Thursday, citing acting chief executive Nawaf Al-Sabah.


The company’s output remains at an average 108,000 barrels per day, the agency quoted Al-Sabah as saying.

State-owned KUFPEC operates outside Kuwait, with exploration and production ventures in 13 countries, according to its website.

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Category: #Business | 2020/03/29 latest update at 8:00 PM
Source : Reuters | Photocredit : Google
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