KPC informs customers of a new reduction in crude oil contractual volumes

Vienna, Austria, 30 April 2020--Kuwait Petroleum Corporation has informed its customers of a 22% reduction in their crude oil contractual volumes from July until December 2020, following reductions already made for May and June 2020, according to a letter sent by KPC to its customers.

These reductions are in line with Kuwait’s effort in the implementation of the OPEC+ agreement in order to restore stability to the global oil market.