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According to Reuters, Kuwait has offered the first cargo of crude oil from the Neutral Zone’s Khafji oilfield after a recent agreement between Kuwait and Saudi Arabia to resume the zone’s production. The agreement ended a five year production halt. Production is expected to reach 500,000 bpd by the end of the year.

Kuwait Offers First Oil Cargo from Neutral Zone Oilfields

According to Reuters, Kuwait has offered the first cargo of crude oil from the Neutral Zone’s Khafji oilfield after a recent agreement between Kuwait and Saudi Arabia to resume the zone’s production. The agreement ended a five year production halt. Production is expected to reach 500,000 bpd by the end of the year.

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