Kuwait will be able to unlock some 500,000 b/d of potential output capacity in the next two years, the head of its state oil company said Oct. 22, seeking to allay concerns over the firm’s own admission that its ability to pump crude had declined for the third straight year. Receive daily email alerts, subscriber notes & personalize your experience. Register Now In its latest annual report, released earlier in the month, Kuwait Oil Co. said its maximum sustainable production capacity had fallen to 2.579 million b/d as of March 31, down 572,000 b/d from 2018. However, that “doesn’t provide a complete picture of the Kuwaiti oil sector’s performance in general, nor KOC’s performance,” parent company Kuwait Petroleum Corp. CEO […]