Kuwait is committed to building a Hormuz bypass pipeline to reduce its reliance on the strait. But such a measure can only be a partial contingency option, KPC CEO Sheikh Nawaf Al Sabah said in Riyadh this week. “There is no substitute for free navigation through the Strait of Hormuz,” Sheikh Nawaf told the WPC Energy Congress on 12 October.
Kuwait is now producing around 2mn b/d, which is down from 2.58mn b/d prior to the conflict but a significant improvement from less than 600,000 b/d earlier in the war. It has used its own tankers to ship crude oil and refined products through the Strait of Hormuz and deliver it to customers through ship-to-ship transfers (STS). (CONTINUED - 774 WORDS)
