Arab Today, arab today kuwait increases more than double its crude exports to china in august
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Kuwait increases more than double its crude exports to China in August

Arab Today, arab today

Arab Today, arab today Kuwait increases more than double its crude exports to China in August

Kuwait - QNA

According to the latest government figures released here Wednesday, Kuwait has increased more than double its crude oil exports to China in August from a year earlier . This marks a seven-month high of 1 million tons, equivalent to around 237,000 barrels per day (bpd), revealed the Kuwaiti General Administration of Customs\' data . Surging by 101.2 % on the year, the volume was the highest since January, when Kuwait\'s crude shipments to the world\'s second-biggest energy consumer reached 1.09 million tons (258,000 bpd). In an exclusive interview with Kuwait News Agency (KUNA) during her visit to Seoul earlier this month, Assistant Under-Secretary for Economic Affairs at the Oil Ministry and Kuwait\'s OPEC Governor, Nawal Al-Fezai, said Kuwait will continue considering China and India as its high growth strategic markets. \"China\'s economy is growing and there is increasing demand in all kinds of energy, especially oil, and Kuwait is looking for fulfilling this requirement. Oil trade with China is becoming more important for Kuwait,\" Al-Fezai said. According to Al-Fezai, Kuwait is exporting crude oil, liquefied petroleum gas (LPG), and other petroleum products to China and India. \"We\'d like to continue to provide these products to the two countries and any regions where we see their economy is growing,\" she added. The official was in the South Korean capital to accompany Kuwaiti Deputy Prime Minister and Minister of Oil, Mustafa Al-Shimali, in the Fifth Asian Ministerial Energy Roundtable Meeting between regional major oil producing and consuming countries.

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