Kuwait has seen its crude export revenue fall by more than 60% since Saudi Arabia last October unilaterally halted output from the two countries’ 500,000 b/d Partitioned Neutral Zone (PNZ).
Kuwait pocketed just $2.6bn for crude exports in September, a mere 39% of mid-2014 monthly takings and the lowest such figure since 2009. Kuwait’s monthly crude export revenues peaked at $6.9bn for 2012 and averaged $6.3bn as recently as the first half of 2014, MEES calculations indicate. (CONTINUED - 1155 WORDS)
