No 48



Kuwait Targets 350,000 B/D In 2007 For Offshore Partitioned Zone

Kuwait Gulf Oil Company (KGOC) is targeting a rise in output from the offshore Partitioned (Neutral) Zone to 350,000 b/d in 2007, according to its chairman, Muhammad al-Jazzaf, quoted by the Kuwaiti press on 25 November. At present, he said, output from the offshore area of the zone averaged around 280,000 b/d, with Kuwait and Saudi Arabia taking equal shares of 140,000 b/d each. In 2001,...