UPDATE 1-Kuwait could recover 70% of oil production in 6-8 weeks after Hormuz reopens, KPC executive says

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LONDON, June 3 (Reuters) - 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 Wednesday.

The remaining 30% would take around a month longer, Al-Sabah added at the S&P Global Energy Middle East Petroleum and Gas Conference, while KPC could recover its refinery production levels to normal levels in around 2-3 weeks.

Kuwait's timeline for its own production recovery is shorter than some have predicted for a full reopening of transits through the Strait of Hormuz, which Iran effectively closed amid the U.S.-Iran conflict .

On Tuesday, ADNOC's executive vice president for sales and trading Philippe Khoury, said full transits through the Strait of Hormuz could take until mid-2027 to recover to pre-Iran war levels. The International Energy Agency's head of oil Toril Bosoni said a recovery could take 6-8 months in the best case scenario from now if an agreement was reached.


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