Joint Saudi, Kuwaiti oil field expected to produce 320,000 bpd

Left: Kuwaiti Oil Minister Khaled al-Fadhel speaks during a ceremony marking the signing of an agreement to reproduce oil in the neutral zone between Kuwait and Saudi Arabia, at Wafra about 100 kilometres south of Kuwait City on December 24, 2019. Right: Saudi Oil Minister Prince Abdulaziz bin Salman speaks during the same ceremony. - AFP

DUBAI: Saudi Arabia's energy minister said on Wednesday the Khafji oil field which is jointly operated with Kuwait would produce 320,000 oil barrels per day (bpd) at the end of 2020, Saudi-owned al-Arabiya TV reported.

Prince Abdulaziz bin Salman made the announcement at Khafji oil field complex in Saudi Arabia, a day after signing a deal with Kuwait that ended a dispute over the partitioned Neutral Zone that is shared by the two countries.