Kuwait, Saudi to halt oil production from joint field
May 17, 2020 07:08 Asia/Tehran [Updated: Oct 31, 2020 08:53 Asia/Tehran]
Kuwait and Saudi Arabia have agreed to halt oil production from the joint Al-Khafji field for one month, starting from June 1, Kuwait’s Al Rai newspaper reported on Saturday.
Iran Press/Middle East: There was no immediate comment from Kuwaiti officials, Reuters reported.
Saudi Arabia and Kuwait have agreed with other members of the OPEC+ group of oil producers to cut output in a bid to reduce a glut in global supplies.
Both Persian Gulf states have also said they would make additional cuts beyond the agreed curbs.
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