In a statement Sheikh Ahmad said, “In view of the urgent need to stabilise the world oil market, Kuwait has upgraded its overall oil production by 150,000 barrels per day to realise this objective.”
“We have extra productivity potentials through which we can push up our oil production to 2.4 million bpd. We are attempting to upgrade production, seeking the push down of prices, and, thus, we are attempting to attain maximum production,” added the Minister.
Sheikh Ahmad also reminded the world of Kuwait’s attempts to delay OPEC’s decision to limit the cartel members’ production output.
“Kuwait was the first that called for delaying the 1.5 million bpd production cut due to rising prices [and my] country [will] again request raising oil production up to the earlier level,” said Sheikh Ahmad alluding to the OPEC meeting slated for this month where cartel members will vote on increasing the production quota.
