Kuwait rules out immediate increase in oil output
Oil production to resume gradually as Strait of Hormuz stability remains key condition -- Sheikh Nawaf Al-Saud
The Chief Executive Officer of the Kuwait Petroleum Corporation, Sheikh Nawaf Al-Saud, said no decision has been taken to increase oil production for export at this stage, stressing that this will be done gradually at a proper time.
He explained that the resumption of production will occur in phases, with limited volumes expected to restart within the first few days, followed by a return of most pre-halt production levels within a few weeks. The remaining output is projected to be restored over a period of three to four months.
Al-Saud noted that the current production disruption is linked to security tensions in the region, particularly Iranian actions affecting safe maritime navigation in the Strait of Hormuz, a vital corridor for global energy shipments.
He emphasized that full restoration of production capacity and a return to pre-conflict levels remain depends on safe and stable passage through the strategic waterway, underscoring the sensitivity of regional energy logistics.
