UNITED STATES (OBSERVATORY NEWS) — Chevron said in a statement on Thursday that it had begun preparations to resume production at the Wafra oil field in the divided area between Kuwait and Saudi Arabia.
The two neighboring countries of the Middle East signed an agreement in December aimed at ending their five-year dispute over the divided region and resuming production that may account for up to 0.5 percent of global oil supplies.
On behalf of the Kingdom, Saudi Arabia Chevron operates the Wafra field jointly with the Kuwait Gulf Oil Company. The abundance field has been closed since May 2015.
“Chevron Saudi Arabia has embarked on a series of pre-start activities, which includes efforts to ensure its workforce is ready to resume operations safely and then production,” said Chevron’s statement.
This article is written and prepared by our foreign editors writing for OBSERVATORY NEWS from different countries around the world – material edited and published by OBSERVATORY staff in our newsroom.
Contact us: email@example.com