Kuwait crude production on the decline! Can we stem it? – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

Kuwait crude production on the decline! Can we stem it? – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

What happened to oil investments?

WHILE the rest of our Gulf oil producers are on track to increasing and boosting oil production within their planned strategies, we in Kuwait are doing the opposite, as we are actually losing production at a time when the oil prices are peaking at $80 per barrel, and the state is in desperate need of daily cash oil income. The decline or loss of production started in 2017 when our production rate was 3.143 million barrels per day.