Kuwait may recover 70% oil output in 8 weeks
Sheikh Khaled Ahmad Al-Sabah, the Managing Director of Marketing at Kuwait Petroleum Corporation, expects Kuwait to recover approximately 70% of its oil production within 6 to 8 weeks after the reopening of the Strait of Hormuz. Reaching full normal production levels is estimated to take an additional month. The corporation also anticipates that the oil refineries will return to their original capacities within two to three weeks.
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