The state-owned company of one of OPEC’s top producers, Kuwait Oil Company, has announced a state of emergency on Monday, following an oil leak on land.
The company was quoted by AFP as claiming that no one was hurt and that the incident did not affect oil output.
According to Kuwait Oil Company, there has been an oil leak in the country’s western region.
The Al Rai newspaper in Kuwait published a picture of an oil well spewing oil while stating that no casualties or production disruptions have been recorded.
Additionally, no harmful smells have been observed, according to business spokesman Qusai al-Amer.
The spokesman later told AFP that the leak “occurred on land but was not in a residential area,” although she would not say exactly where it happened.
The official stated that Kuwait Oil Company has already dispatched emergency response teams to identify the leak’s origin and contain the oil flow.
The business has disclosed oil spills from the fields it manages in 2016 and 2020.
2.7 million barrels of crude oil are produced daily (bpd) by Kuwait, one of OPEC’s major producers.
Kuwait is the fourth-largest producer in OPEC after Saudi Arabia, Iraq, and the United Arab Emirates, with 2.683 million bpd of output in February, according to OPEC’s secondary sources (UAE).
One of the few major oil-producing nations to aim to boost its oil production capacity is Kuwait, along with Saudi Arabia and the United Arab Emirates.
By 2040, Kuwait plans to increase its production capacity to 4.75 million bpd.
During CERAWeek earlier this month, Scott Sheffield, CEO of Pioneer Natural Resources, the largest pure-play shale producer, told the Financial Times, “I think the folks that are in charge now are three countries — and they’ll be in charge the next 25 years.” “First Saudi, then UAE, then Kuwait.”
Leave a reply