Kuwait says restart of Neutral Zone oilfields will some take time

Kuwait Oil Co chief says oil fields operated by Saudi Arabia and Kuwait may face more obstacles
Kuwait says restart of Neutral Zone oilfields will some take time
By Reuters
Tue 06 Dec 2016 02:08 PM

The resumption of oil production from oilfields jointly operated by Saudi Arabia and Kuwait will take time and may face obstacles, the chief executive of the Kuwait Oil Company (KOC) said on Tuesday.

"The joint Khafji and Wafra fields... will need some rehabilitation before they resume production," Jamal Jaafar told reporters in Kuwait.

He said bringing back the oilfields "will face some technical and administrative difficulties but Saudi Arabia and Kuwait are able to overcome them."

The fields are in the Neutral Zone that lies between both countries.

Jaafar said that the recent OPEC decision to cut production beginning in January would not affect Kuwait's oil investment plans.

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