Kuwait Oil Company participates in Qatar Expo 2023

Kuwait Oil Company participates in Qatar Expo 2023

DOHA: Kuwait Oil Company participated on Wednesday in the International Horticultural Expo 2023 in Doha to showcase its environmental efforts and diversity of productions to maintain natural resources in Kuwait. In a statement for KUNA, Director of the Public Relations and Media Group Mohammad Al-Basry said that the company’s participation comes from its responsibility to highlight the bright side of Kuwait in maintaining the environment and sustainable development.

Al-Basry said the exhibition is a chance to exchange expertise and knowledge in the oil field and to achieve Kuwait’s vision. The exhibition kicked off on Monday under the theme “a green desert and a better environment, with sponsorship by Qatari Amir Tamim bin Hamad Al-Thani. It will proceed until March 2024.

Reviewing oil output

Meanwhile, the committee for monitoring the oil market, an offshoot of OPEC+, is due to hold a virtual meeting later on Wednesday to review crude output.  The ministerial commission, co-chaired by Saudi Arabia and Russia, includes officials and representatives of oil-producing countries from OPEC and non-OPEC states.

Insiders have ruled out the prospect of changing the oil output amid concerns that the supply shortage and demand rise might lead to further price increases—recently hitting $90 pb. The OPEC+ producers agreed in