Saudi Arabia, Kuwait confirm work to increase oil output from joint fields

11/12/2021 Argaam

Oil tankers

Saudi Arabia and Kuwait confirmed that they are working to increase production from the Khafji and Wafra joint operations, Saudi Press Agency reported, citing a joint statement.

 

The two parties agreed to implement the memorandum of understanding (MoU) on the neutral zone and the adjacent submerged zone, the statement added at the end of a visit by Saudi Crown Prince Mohammed bin Salman to Kuwait.

 

The two sides commended the close cooperation between them in the field of energy and the fruitful efforts of OPEC+ to strengthen the stability of the global oil market.

 

They highlighted the need for all participating countries to adhere to OPEC+ agreements.

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