Production from the joint Kuwaiti-Saudi oil field was shut down due to technical reasons, not oil supply, said a Kuwaiti official.
The 300,000-barrel-a-day Khafji offshore field, located in a neutral zone between the two Arabian Gulf states, was halted in October.
“The cut in production has no relationship with oil supply and demand,” said Abdulaziz Al-Attar, team leader in International Market, Crude oil Department at state-run Kuwait Petroleum Corporation.
“This is due to pure technical factors.”
Kuwait is currently exporting 2.06 million barrels per day (bpd), with a current oil production capacity exceeding 3 million bpd. Around 80 per cent of oil goes to Asia, 15 per cent to the United States and 5 per cent to Europe.
Kuwait is on track to boost production to 4 million bpd by 2020.
Also the Gulf state plans to boost refining capacity to over 1.3 million bpd by 2019 from the current 940,000 bpd.
dalsaadi@thenational.ae
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COMPANY PROFILE
Name: Xpanceo
Started: 2018
Founders: Roman Axelrod, Valentyn Volkov
Based: Dubai, UAE
Industry: Smart contact lenses, augmented/virtual reality
Funding: $40 million
Investor: Opportunity Venture (Asia)
Scorebox
Sharjah Wanderers 20-25 Dubai Tigers (After extra-time)
Wanderers
Tries Gormley, Penalty
Cons Flaherty
Pens Flaherty 2
Tigers
Tries O’Donnell, Gibbons, Kelly
Cons Caldwell 2
Pens Caldwell, Cross
BIGGEST CYBER SECURITY INCIDENTS IN RECENT TIMES
SolarWinds supply chain attack: Came to light in December 2020 but had taken root for several months, compromising major tech companies, governments and its entities
Microsoft Exchange server exploitation: March 2021; attackers used a vulnerability to steal emails
Kaseya attack: July 2021; ransomware hit perpetrated REvil, resulting in severe downtime for more than 1,000 companies
Log4j breach: December 2021; attackers exploited the Java-written code to inflitrate businesses and governments
THE DETAILS
Kaala
Dir: Pa. Ranjith
Starring: Rajinikanth, Huma Qureshi, Easwari Rao, Nana Patekar
Rating: 1.5/5
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ALRAWABI SCHOOL FOR GIRLS
Creator: Tima Shomali
Starring: Tara Abboud, Kira Yaghnam, Tara Atalla
Rating: 4/5
HEY MERCEDES, WHAT CAN YOU DO FOR ME?
Mercedes-Benz's MBUX digital voice assistant, Hey Mercedes, allows users to set up commands for:
• Navigation
• Calls
• In-car climate
• Ambient lighting
• Media controls
• Driver assistance
• General inquiries such as motor data, fuel consumption and next service schedule, and even funny questions
There's also a hidden feature: pressing and holding the voice command button on the steering wheel activates the voice assistant on a connected smartphone – Siri on Apple's iOS or Google Assistant on Android – enabling a user to command the car even without Apple CarPlay or Android Auto