Kuwait pumps highest amount of oil since global economic downturn

05 September 2011

August oil production peaked at more than 2.8 million barrels a day

Kuwait pumped more than 2.8 million barrels a day (b/d) of oil in August, its highest level since the start of the global economic downturn in late 2008.

Oil Minister Mohammad al-Busairi said in a statement to state-run Kuna news agency that the country has not produced more than 2.8 million b/d since output peaked at 2.85 million b/d in September 2008, according to official data provided by the Joint Data Initiative (JODI), just before oil demand dipped in the global economic crisis.

Kuwait’s current output capacity stands at 3.5 million b/d, according to the oil minister.

With higher crude production resulting in more associated gas, Kuwait looks unlikely to require further liquefied natural gas (LNG) imports to meet its peak summer demand (MEED 2:8:11).

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications