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The zone is capable of pumping near to its previous maximum levels of about 500,000 b/d, but has largely been curtailed by the OPEC+ agreement. That could change, though some lingering sovereignty and fiscal still needs to be resolved, sources told S&P Global Platts.
Saudi energy minister Prince Abdulaziz bin Salman told reporters April 1 that the kingdom s share of Neutral Zone production was currently 135,000 b/d. Since the two countries split output from the area equally, that implies total production from the Neutral Zone is about 270,000 b/d.
Easing OPEC+ output cuts may unshackle Saudi-Kuwaiti Neutral Zone oil production hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.