Kuwait targets 2 million barrels per day as Strait of Hormuz reopens

Kuwait Petroleum Corporation (KPC) is targeting a return to two million barrels per day of oil production within a week, signaling a significant recovery after the reopening of the Strait of Hormuz. KPC Deputy Chairman and CEO Sheikh Nawaf Saud Al-Sabah announced that the country could reach pre-war production levels within weeks, contingent on the resumption of normal international commercial shipping to Kuwaiti ports.

The company has finished essential repairs to energy infrastructure damaged during recent conflict, enabling a faster production rebound than initially forecast. KPC has also lifted all force majeure notices, indicating the sector's readiness to resume normal operations and oil supplies according to established plans. Sheikh Nawaf stressed KPC's commitment to collaborating with global customers and partners for a seamless transition back to full supply volumes.

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Kuwait could return to its pre-war production levels within weeks, provided international commercial shipping resumes normal operations to Kuwaiti ports.

This planned increase and restoration efforts demonstrate substantial progress in restarting Kuwait's oil sector after wartime disruptions. KPC stated that the initiative is anticipated to foster greater stability in global energy markets and bolster Kuwait's capacity to fulfill its commitments to international clients and strategic partners. The announcement closely follows the reopening of the vital Strait of Hormuz, a critical chokepoint for global oil transit.

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KPC's commitment to working closely with customers and partners worldwide to ensure a smooth transition back to full contractual supply volumes.