Kuwait could recover 70% of oil production in 6-8 weeks after Hormuz reopens, KPC executive says

- Kuwait could recover its oil production to almost 70% of normal levels in 6-8 weeks after the Strait of Hormuz reopens, Kuwait Petroleum Company's managing director for international marketing, Shaikh Khaled Ahmad Al-Sabah, said on Tuesday.

The remaining 30% would take around a month longer, Al-Sabah added at the S&P Global Energy Middle East Petroleum and Gas Conference.

Meanwhile, KPC could recover its refinery production levels to normal levels in around 2-3 weeks.