TFIZ01: KUWAIT OIL UPDATE -- APRIL 08, 2003

C O N F I D E N T I A L KUWAIT 001306 SIPDIS STATE FOR TASK FORCE 1 - EB ACTION OFFICER STATE ALSO FOR EB/ESC AND NEA/ARP TREASURY FOR OASIA USDOC FOR 4520/MAC/AME DOE FOR IE - L. COBURN AND C. WASHINGTON E.O. 12958: DECL: 1.6 X5, X6 TAGS: EPET KU SUBJECT: TFIZ01: KUWAIT OIL UPDATE -- APRIL 08, 2003 REF: KUWAIT 1280 AND PREVIOUS Classified By: DCM Frank C. Urbancic for reasons 1.5 (B) and (D) ¶1. (U) Local press reports today quote Kuwait Undersecretary for Oil Issa Al-Aoun as saying that Kuwait will continue to produce 2.44 million barrels of oil a day until further notice to meet shortages in the international oil market. He also told reporters that Kuwait will start supplying 25,000 barrels per day of crude oil to Jordan. He added that the Kuwaiti crude would have to be mixed with Saudi crude so it could be processed in Jordan's refineries. 2.(C) Following is the unedited data set provided by the Kuwait Petroleum Corporation (KPC) production on April 8, ¶2003. Explanatory comments follow at para 3. (Begin Report) Kuwait Petroleum Corporation Daily Crude Production All figures in bbls This report covers activities from 0500 04/07/03 to 0500 04/08/03 Total Kuwait Production 2,418,938 KOC Proper: South East: 1,332,047 West: 354,286 North: 423,150 Total: 2,109,483 Wafra Joint Operations: R/B to KOC 139,435 R/B to KNPC 0 R/B to SAT 0 R/B total 139,435 Eocene 36,520 KGOC: Khafji 115,000 Hout 18,500 KEC Receipt 2,244,995 (API 30.6, Salt PTB 22.8) KEC Stock 6,165,121 KEC Ullage 8,028,610 (End Report) 3.(C) Explanatory Comments: Wafra Joint Operations refer to onshore concessions in Saudi-Kuwait divided zone operated by Saudi Arabian Texaco (SAT). R/B refers to the two producing reservoirs -- Ratawi and Burgan. KOC is Kuwait Oil Company KNPC is Kuwait National Petroleum Corporation KGOC is the Kuwaiti successor to Arabian Oil Company (AOC), which previously operated a concession in the offshore portions of the Saudi-Kuwait divided zone. AOC still operates the fields under a service agreement. KEC refers to Kuwait Export Crude, the country's export blend. Salt PTB refers to pounds of salt per thousand barrels of crude oil. JONES