SAUDI ARABIA: Just when #OPEC members and non-members are about to vote on controlling #oil production leaving Saudis out in the cold on Sunday Reuters reports citing sources that together with Kuwait they are about to reopen: Khafji field, which had been producing 280,000 to 300,000 barrels per day (bpd), and was shut in October 2014 for environmental reasons – @AceFinanceNews

#AceFinanceNews – Dec.04: Saudi, Kuwait to restart Neutral Zone oilfields this month – sources

Oil production is expected to resume this month at the jointly operated oilfields in the Neutral Zone that lies between the borders of Saudi Arabia and Kuwait, industry sources told Reuters on Sunday.

The Khafji field, which had been producing 280,000 to 300,000 barrels per day (bpd), was shut in October 2014 for environmental reasons.

It is operated by Al-Khafji Joint Operations Co, a joint venture between Kuwait Gulf Oil Company and AGOC, a subsidiary of state oil firm Saudi Aramco.

The Wafra field has been shut since May 2015 due to operating difficulties. U.S. oil major Chevron operates the field on behalf of the Saudi government.

(Reporting by Rania El Gamal; editing by Jason Neely)

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