Kuwait to Export First Light Crude Cargo

Kuwait to Export First Light Crude Cargo

Thursday, 7 June, 2018 - 06:45
Image used for illustrative purpose. Kuwait Oil Tanker employees oversee the loading of crude oil into the new Kazimah III Oil Tanker at Ahmadi North Pier in Kuwait. Image used for illustrative purpose. Kuwait Oil Tanker employees oversee the loading of crude oil into the new Kazimah III Oil Tanker at Ahmadi North Pier in Kuwait. REUTERS/ Stephanie McGehee
Kuwait - Asharq Al-Awsat
Kuwait Oil Company (KOC) has succeeded in producing and separating light crude oil from Jurassic production, Kuwait’s Oil Minister Bakhit Al Rashidi said on Wednesday.

The minister stated that Kuwait is seeking to export this type of oil, the first in Kuwait's history, by the end of June.

"This would be the first export of a light crude grade from Kuwait," he said.

The minister added: "Kuwait light crude oil is famous for its high quality and low sulfur content, which provides profitable return to Kuwait in the international markets."

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