Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Chevron will need six months to bring the 220,000 b/d-capacity Wafra oil field in the Saudi/Kuwait Partitioned Neutral Zone (PNZ) back to normal production levels, the US major says in its second quarter results. The field, which lies on the Saudi side of the PNZ shared with Kuwait, has been shut in since mid-May as a result of what Kuwait says is a technical rather than political dispute between the two Gulf Arab allies. However, leaked documents in the Kuwaiti media suggest the exchanges between the two Opec member states over the shutdown have been acrimonious and may prolong the closure of the onshore field. (CONTINUED - 1170 WORDS)