Kuwait : The State of Kuwait has announced plans to raise its oil production to two million barrels per day within a week and lift all force majeure notices, following the reopening of the Strait of Hormuz under a peace agreement.
Sheikh Nawaf Saud Al Sabah, Deputy Chairman and Chief Executive Officer of Kuwait Petroleum Corporation, said in a statement that pre-war production levels could be restored within weeks, provided regular international commercial shipping to Kuwaiti ports resumes. He added that Kuwait’s oil sector had completed major repairs to damaged energy infrastructure, enabling production capacity to recover faster than previously expected.
Al Sabah added that the corporation would immediately lift all force majeure notices issued during the war, reflecting the sector’s readiness to gradually resume normal operations and supplies in line with approved plans.
He reiterated the corporation’s commitment to working closely with customers and partners worldwide to ensure a smooth and efficient return to full contractual supply volumes, in accordance with existing commitments and agreements. He also emphasised the corporation’s commitment to maintaining the reliability of Kuwaiti energy supplies and its role as a responsible supplier to global markets.
Al Sabah said the measures reflect progress in efforts to restart the oil sector and restore operations to pre-war levels, supporting stability in global energy markets and strengthening Kuwait’s ability to meet its commitments to customers and international partners.
