The Deputy Prime Minister and Minister of Oil, Dr. Badr Al-Mulla, said today that Kuwait will voluntarily reduce its oil production by 128 thousand barrels per day, starting from next May until the end of 2023, in coordination with some countries participating in the (OPEC +) agreement.
Al-Mulla was quoted as saying that a press release issued by the Ministry of Oil, this voluntary cut is a precautionary measure that takes place in addition to the production cut agreed upon at the 33rd ministerial meeting of (OPEC +) on October 5, 2022.