TFIZ01: KUWAIT OIL UPDATE -- APRIL 14, 2003

C O N F I D E N T I A L KUWAIT 001454 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 14, 2003 REF: KUWAIT 1306 AND PREVIOUS Classified By: DCM Frank C. Urbancic for reasons 1.5 (B) and (D) ¶1. (C) For the period beginning 0500 April 10 and ending 0500 April 14, total Kuwait daily crude oil production averaged 2,405,280 barrels per day. Average production from Northern Kuwaiti fields averaged 421,907 barrels per day for the period. ¶2. (C) The average stock level for Kuwait Export Crude during the five-day period was 6,726,632 barrels, with a peak of 7,444,479 barrels on April 14 and a low of 6,265,520 barrels on April 11. ¶3. (U) Local press reports indicate that the Kuwait Oil Company firefighting team extinguished the last oil well burning in the Rumeila field on April 13. ¶4. (SBU) The local ChevronTexaco manager has informed the Embassy that the company's employees will return to work on Saturday, April 19. ChevronTexaco provides a wide range of services to the Kuwait Oil Company under the terms of a Technical Services Agreement; the company also is a serious contender for "Project Kuwait" to assist in the development of Kuwait's Northern oil fields. ¶5. (SBU) Post will provide these summary updates on Mondays and Wednesdays until further notice, with further updates provided as events warrant. ¶6. (C) KPC continues to supply the Embassy with detailed production reports; readers interested in receiving these full reports or the Microsoft Excel database Embassy has created are invited to submit their requests via SIPRNet e-mail to SchwartzTPKuwait@state.sgov.gov. JONES