Kuwaiti Oil Minister: Kuwait is committed to OPEC’s recent agreement with non-members

BAGHDAD, Kuwaiti newly appointed Oil Minister, Khalid al-Fadil, said his country supports all efforts to stabilize oil markets.

“Kuwait is committed to OPEC agreements with non-members concluded earlier this month, which includes a reduction of production of about 1.2 million barrels per day for six months starting next year,” he was quoted by Kuwait News Agency as saying.

According to Kuwait News Agency (KUNA) said that the country’s production of light crude is currently 180 thousand barrels per day, while the production of natural gas 0.5 billion cubic feet.

Source: National Iraqi News Agency