Kuwait Expects To Pump 250,000 Bpd When Neutral Zone Restarts

Kuwait expects its share of the oil production from the Neutral Zone that it shares with Saudi Arabia to be 250,000 bpd by the end of 2020 when production will have resumed after half a decade of hiatus because of a dispute. At the end of 2019, neighbors Saudi Arabia and Kuwait reached an agreement to resume oil production from the two oilfields they share in the Neutral Zone. The so-called Partitioned Neutral Zone (PNZ) was established between Saudi Arabia and Kuwait in 1922 to settle a territorial dispute between the two countries.…