Considering the ongoing aggression by Iran against Kuwait, including threats against the safe passage of ships through the Strait of Hormuz, Kuwait Petroleum Corporation (KPC) has implemented a precautionary reduction in crude oil production and refining throughput.
Egypt’s Ministry of Petroleum announced the start of crude production from the Belayim Marine 133 well in the Gulf of Suez, initially producing about 1,500 barrels per day, marking the first result of Eni’s new investment programme.
