DOHA: Kuwait Petroleum Corporation chief said on Tuesday the Gulf producer had the capacity to reach its OPEC quota and was moving to its first offshore production as it invests to meet future oil demand. “We are making the investments necessary to ensure that we can meet any new increases in terms of allocations and also in terms of demand,” Sheikh Nawaf Saud al-Sabah said on
Consumers must be prepared to endure up to five years of turbulent oil markets, the head of ExxonMobil said Tuesday, citing under-investment and the coronavirus pandemic.
Kuwait Petroleum Corporation chief said on Tuesday the Gulf oil producer had the capacity to reach its OPEC quota and any future increases. Sheikh Nawaf Saud al-Sabah also said there were no current plans to list units of KPC but that things could change over time. He said asset monetisation of pipelines could be considered. .