AhlulBayt News Agency (ABNA): According to a report by Reuters, citing Al-Khaleej Online news outlet, Sheikh Nawaf Saud Nasser Al-Sabah announced on Tuesday during the annual CERAWeek energy conference in Houston, United States, that the Kuwait Petroleum Corporation has been forced to reduce crude oil production as a result of the closure of the Strait of Hormuz.
He added that his country has been compelled to reduce its crude oil production due to the halt of shipping in the Strait of Hormuz and the filling of storage facility capacities.
Al-Sabah also noted that the capacity of alternative pipelines and strategic oil reserves is very limited compared to normal production volumes.
The CEO of the Kuwait Petroleum Corporation warned that the continuation of this situation would affect the flow of fuel and chemical fertilizers, potentially leading to food shortages and increased security risks.
Al-Sabah emphasized in conclusion, “If the war ends today, it will take three to four months to restore production to full capacity.”
He also warned about the continuation of attacks on civilian infrastructure and their direct impact on global supply chains.
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