Oil production returns to pre-war levels
The CEO of Kuwait Petroleum Corporation stated that the country aims to increase its oil production to two million barrels per day within a week after the reopening of the Strait of Hormuz. He indicated that infrastructure and subsidized energy reforms could accelerate the restoration of production levels prior to the war. He also confirmed that all force majeure notices issued during the war will be immediately lifted, and that the country is working with its clients to ensure a smooth and complete transition to the new contractual quantities.
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