Kuwait sees oil output in zone shared with Saudi at 250,000 bpd by end 2020 – ZAWYA

Kuwait sees oil output in zone shared with Saudi at 250,000 bpd by end 2020 – ZAWYA

Kuwait sees oil output in zone shared with Saudi at 250,000 bpd by end 2020. DUBAI- Kuwaiti oil output in the Neutral Zone (NZ) it shares with Saudi Arabia is expected to reach 250,000 barrels per day (bpd) when production restarts at the end of this year, the country's oil minister said on Thursday.. Kuwait and Saudi Arabia, both members of The Organization of the Petroleum Exporting Countries (OPEC), agreed last year to end a five-year dispute over the area, allowing production to resume at two jointly-run oilfields that can pump up to 0.5% of the world's oil supply.. The NZ agreement will also enable Kuwait to develop its share of the Dorra gas field in the Neutral Zone to produce 500 million cubic meters of natural gas per day and increase the country's natural gas and crude oil reserves, said al-Fadhel..