Kuwait Ports Remain Open
Sheikh Khaled Al-Sabah, Managing Director of International Marketing at Kuwait Petroleum Corporation, affirmed that Kuwait continues to open its ports and strengthen its relationships with its partners in the global oil markets, focusing on building a more resilient and robust future. He indicated that the price of Kuwaiti crude oil has risen to $101.22 per barrel. The corporation manages its own fleet and is seeking opportunities to purchase new tankers, in addition to exploring options such as building pipelines and storage facilities to support supplies amid the ongoing conflict between the United States and Iran. He emphasized that the organization remains committed to supplying oil to customers in smaller quantities compared to pre-war levels.
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