Kuwait: Oil production will reduce

Member of Kuwait＇s Supreme Petroleum Council, Imad Al-Otaiqi, recently said that the country could face a problem with reduced oil production at the Burgan oil field if Kuwait does not contract with international companies. The Burgan oil field is considered the world＇s second largest field, second only to the Ghawar oil field in Saudi Arabia.
Oil production at Burgan has continued for more than 60 years. Al-Otaiqi issued his statements during an interview and said that the production rate at Burga
n field, which reaches between 1.4 million and 1.5 million barrels a day, is not expected to remain the same for more than five years without foreign help. Kuwait＇s parliament has obstructed efforts to raise oil production in the country to 4 million barrels by 2020 due to their objection of the participation of foreign companies, stating that the Constitution bans foreign companies from investing in oil production in the country. In that regard, Al-Otaiqi said that the production rate is unlikely to increase, adding that the Cabinet did not need approval from the parliament to sign contracts for services, Al-Qabas reported.