Kuwait City, March 24 (QNA) – Kuwait Petroleum Corporation (KPC) announced that it had been forced to reduce crude oil production due to disruptions to free navigation in the Strait of Hormuz.

During his participation in the CERAWeek 2026 conference virtually, CEO of KPC, Sheikh Nawaf Saud Al-Nasser Al-Sabah, said the attacks on oil refineries in Kuwait and the region were utterly unprovoked, adding that there is no alternative to the Strait of Hormuz, a key artery of the global economy.

Targeting oil facilities poses a serious escalation that threatens global energy markets, Sheikh Nawaf stressed, calling for an end to such attacks, whose fallout is reflected in the global economy.

Oil supplies and strategic reserves transported through alternative pipelines beyond the Strait of Hormuz don’t represent even an iota of normal export flows,

He noted that once this war comes to an end, KPC will be capable of proportionately restoring oil production within three to four months to return to full capacity, the CEO said.

He emphasized that these unprovoked and unlawful attacks are not only mounted on Gulf nations, but also on the entirety of the global economy.

In essence, CERAWeek convenes annually in the US city of Houston, bringing together thousands of oil and energy leaders and experts to discuss challenges and opportunities amid global economic shifts. (QNA)