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Kuwait talks with neighbors on pipeline expansion
The CEO of Kuwait Petroleum Corporation, Sheikh Nawaf Saud Al Sabah, announced that the organization is in discussions with Saudi Arabia and the UAE to expand the networks of Kuwaiti oil pipelines, aiming to enhance its oil export capabilities. He also confirmed that Kuwait can recover 80% of its halted production in less than a month, and that the market has absorbed the shock by drawing from strategic reserves, pointing out that the current situation in oil markets is unsustainable.
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