Kuwait has rebuilt its oil infrastructure after damage during the conflict

Kuwait has restored all oil facilities damaged during the military operations in the Middle East. This was announced on June 18 by Sheikh Nawaf Al-Sabah, Director General of Kuwait Petroleum Corporation (KPC).

"All force majeure notices issued during the war due to the inability to fulfill supply obligations will be canceled 'immediately,'" he said in an interview with Bloomberg.

According to him, Kuwait is already increasing oil production and expects to reach the level of 2 million barrels per day within a week.

We began to count the wounds: what did the global fuel and energy sector lose in the Iranian war

The production infrastructure of the world's largest oil and gas region has been severely affected by the fighting

On April 20, Bloomberg reported that the Kuwaiti authorities had declared a force majeure regime for the supply of crude oil and petroleum products. It is noted that the decision was made on the basis of a clause in the contract that allows temporarily not fulfilling obligations to ship raw materials.