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Kuwait Petroleum Corporation (KPC) plans to export a new heavy crude oil category to its Asian customers in the third quarter of this year, said S & P Global Plats.
According to sources cited in the report, the crude oil quality is API 16 compliant and contains 4.9% sulfur.
According to sources, the crude production level of the Lower Knight and Um Naga fields will reach 60,000 barrels per day, which explains why the Petroleum Corporation intends to supply this type of crude oil to its oil producers. current customers.
She added that the Petroleum Corporation hoped to have the same luck as before with the very light crude from Kuwait, which began exporting in mid-2018.
She pointed out that Kuwaiti crude offsets Iranian oil, which has stopped exporting, indicating that there is good demand for the crude oil, especially from Indians, because Kuwait is closer geographically.
The new crude oil is part of Kuwait's plans to supply four types of crude oil to its customers.
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