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Kuwait Petroleum Corporation (KPC) expects to restore production to full capacity in three to four months once the Iran war ends, its CEO has said.
The state-run oil company was “forced” to reduce crude oil production due to disruptions to free navigation in the Strait of Hormuz, the state-run Qatar News Agency reported, quoting Sheikh Nawaf Saud Al-Sabah.
The attacks on oil refineries in Kuwait and the region were “utterly unprovoked and there is no alternative to the Strait of Hormuz”, he said.
Last week, KPC said that…
