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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Cairo, March 7 (Xinhua) — Kuwait Petroleum Corporation (KPC), a major state-owned oil corporation in Kuwait, announced on Saturday a preventive cut in crude oil production and refining.
Citing rising tensions in the region, KPC said in a statement that the adjustment was "strictly precautionary" and that the company "remains fully prepared to restore production volumes as soon as conditions permit."
The statement came amid heightened tensions in the region following joint US-Israeli strikes on Iran that began on February 28, to which Iran responded with missile and drone strikes on Israeli and US targets across the Middle East.
Earlier on Saturday, Iran's military said its navy had launched a series of drone attacks targeting Israel, as well as US bases in the United Arab Emirates (UAE) and Kuwait.
Meanwhile, Kuwaiti Defense Minister Sheikh Abdullah Ali Abdullah al-Salem al-Sabah held separate phone conversations with his Saudi and UAE counterparts throughout the day regarding the latest developments in the region, according to the official Kuwaiti News Agency. –0–
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