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Wednesday, July 18, 2018

Kuwait will shut down oil production in case of war

Kuwait will shut down its oil production if a war is launched against Iraq, which will in all likelihood lead to a hike in oil prices.

Kuwait will shut down its oil production if a war is launched against Iraq, which will in all likelihood lead to a hike in oil prices.  Kuwaiti officials are already preparing to evacuate the oil fields, which are mainly close to the Iraqi border.  Kuwait Petroleum Company (KPC) officials said they could not endanger the lives of employees in the event of a conflict.

Source: Barwil News Letter