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Kuwait pumping 2.9 million barrels per day

JORDAN : Kuwaiti oil minister Mohammad al-Busairi said on Sunday his country was producing 2.9 million barrels of oil pe
Published October 23, 2011 Updated October 23, 2011 02:29pm
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By Imad Uddin
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JORDAN: Kuwaiti oil minister Mohammad al-Busairi said on Sunday his country was producing 2.9 million barrels of oil per day and described current oil prices as "reasonable for the consumer and (for) production levels".

Busairi, speaking to reporters at the World Economic Forum at the Dead Sea in Jordan, said additional oil pumped into the market by Saudi Arabia and Kuwait had helped bring down prices from levels in June, after they were pushed up by fighting in OPEC producer Libya.

He would not be drawn on what position Kuwait would take at the next OPEC meeting in December.

 

Copyright Reuters, 2011

 

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