Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 581 Mon. January 16, 2006  
   
Business


Emir's death won't affect oil output: Kuwait


Kuwait's top oil executives said Sunday that the death of Emir Sheikh Jaber al-Ahmad al-Sabah will not affect oil production in the emirate, which pumps some 2.6 million barrels per day (bpd).

"Projects in the oil sector are progressing normally without being affected by the calamity that hit Kuwait and its people," Hani Hussein, chief executive at national oil conglomerate Kuwait Petroleum Corp told the state KUNA news agency.

Sami al-Rasheed, managing director of Kuwait National Petroleum Co which is in charge of refining and exports said that "refinery operations and exports are continuing at the same normal rates."

Kuwait has three refineries with a capacity of around 915,000 bpd.

Faruq al-Zanki, the chairman of Kuwait Oil Company which undertakes exploration and production, said the company will continue operating as usual without any change.

Most Kuwaiti crude and oil products are exported to south and southeast Asian countries.