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Kuwait reaches maximum oil production levels

Wednesday, March 12, 2003

ABU DHABI Kuwait reports that it has reached its maximum oil production capacity.

Kuwaiti Petroleum chief executive officer Nader Al Sultan said the sheikdom has reached its maximum oil output. The official told the Kuwaiti news agency that the state-owned company would maintain the maximum capacity of 2.4 million barrels per day for what he termed a brief period.

On March 3, Kuwait Oil Co. chairman Ahmed Al Arbeed , a subsidiary of Kuwaiti Petroleum, said the state-owned company closed several oil fields near the northern border with Iraq in fear of sabotage and military attacks.

Those fields were said to have produced 700,000 barrels of oil per day.

But Al Sultan said Kuwait's oil production would not be affected by any U.S.-led war against Iraq. Al Sultan, who is senior in rank to Al Arbeed, did not elaborate.

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