Kuwait Petroleum Co. says closure of two oil fields will not affect output

Feb. 20, 2003
Kuwait Petroleum Co. has closed Al Abdali and Al Ratqa oil fields for security reasons, but the closure should not affect Kuwaiti output, OPEC News Agency reported.


By OGJ editors
HOUSTON, Feb. 20 -- Kuwait Petroleum Co. has closed Al Abdali and Al Ratqa oil fields for security reasons, but the closure should not affect Kuwaiti output, OPEC News Agency reported.

Kuwait produces 1.966 million b/d of oil under its quota as assigned by the Organization of Petroleum Exporting Countries. The closed fields together produced 35,000 b/d. Located near the border between Kuwait and Iraq, the fields were closed because of rising tensions with Iraq.

Kuwait Petroleum officials said increased output at Al Ahmadi, Burqan, and Al Muqawa'a fields would compensate for curtailed production at the two fields, OPECNA reported.