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Minister of Oil: Kuwait voluntarily reduces its production by 128 thousand barrels per day

02-04-2023

State of Kuwait will implement a voluntary cut of 128,000 barrels per day from May till the end of 2023 in coordination with some OPEC and non-OPEC Participating Countries in the Declaration of Cooperation. This voluntary cut is a precautionary measure in addition to the reduction in production agreed at the 33rd OPEC and non-OPEC Ministerial Meeting on October 5, 2022.