Kuwaiti heavy oil sales suspended

Kuwait’s heavy oil sales had been stopped for three months now due to the laxity of KOC’s marketing officials. Informed sources noted that over two million barrels of heavy crude oil had been loaded into vessels and tankers, which in turn, had been docked in Kuwaiti ports waiting to be sold.

The sources added that Kuwait had no proper ports to export this kind of oil due to its hazardous nature. “The only way to export it was through Saudi Arabia by CHEVRON Co.,” explained the sources noting that the latter had unexpectedly canceled its contract one year earlier than its expiry date.

KuwaitTimes