Kuwait begins phased reduction in oil production

Due to repeated attacks by Iran, Kuwaiti authorities have decided to begin a preemptive reduction in oil production and refining, the management of Kuwait Petroleum Corporation announced.

Kuwait's oil supply will decrease globally. Kuwait Petroleum Corporation (KPC, the state-owned oil and gas corporation of Kuwait) decided to reduce oil production and refining volumes as a preventive measure due to repeated attacks on its refineries by Iranian military units.

"A decision has been made to preemptively reduce oil production and refining operations due to repeated and unlawful attacks by the Islamic Republic of Iran on the State of Kuwait,”

- the company statement reads.