Nawaf Al-Saud: Kuwait can restore 80% of oil in a month
The article discusses Kuwait's efforts to boost its oil production, where the Deputy CEO of the Kuwait Petroleum Corporation indicated the country's ability to restore 80% of its production within less than a month following a halt caused by the Iran war, with the remaining percentage taking three to four months to be pumped. It also highlighted Kuwait's discussions with Saudi Arabia and the United Arab Emirates regarding expanding pipeline systems to accommodate its exports, emphasizing the importance of partnerships with the United States in the energy sector to enhance market stability and ensure supply security. The article confirms that current oil prices are considered moderate when adjusted for inflation and attributes market stability partly to temporary factors.
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