Kuwait Petroleum Corporation CEO Sheikh Nawaf Al-Sabah Talks Oil Output | Bloomberg Talks

Kuwait Petroleum Corporation (KPC) is navigating significant logistical hurdles caused by regional conflict, which has disrupted shipping through the Strait of Hormuz. CEO Sheikh Nawaf Al-Sabah confirms that while crude oil exports remain stable, refined products like diesel and jet fuel face severe supply constraints due to transit risks. To mitigate these challenges, KPC is utilizing strategic tanker fleets and ship-to-ship transfers while prioritizing long-term infrastructure investments, including new offshore exploration and pipeline projects aimed at reaching a 4-million-barrel-per-day capacity by 2035. Despite the volatile security environment, international investors continue to support KPC, as demonstrated by a recent $16 billion joint venture. The company remains committed to meeting global energy demands while advocating for enhanced international maritime security to restore the flow of essential energy products through the Gulf.