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Kuwait backs OPEC+ meeting, resumes Neutral Zone shipments with Saudi

The shipment, of about one million barrels will be loaded on a tanker on Saturday and Sunday, for export to Asia./ Photo for representation   | Photo Credit: Reuters

Kuwait supports Saudi Arabia's invitation for a meeting between meeting of OPEC and non-OPEC oil producers, an informal grouping known as OPEC+, to curb global oil supply and halt the oil price rout, oil minister Khaled al-Fadhel said on Friday.

The minister, cited by the state-news agency KUNA, also announced the resumption of crude shipments from the so-called Neutral Zone the country shares with Saudi Arabia for the first time in five years.

The shipment, of about one million barrels will be loaded on a tanker on Saturday and Sunday, for export to Asia, he said.

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Printable version | Jan 18, 2021 4:28:55 AM | https://www.thehindu.com/news/international/kuwait-backs-opec-meeting-resumes-neutral-zone-shipments-with-saudi/article31247165.ece

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