Kuwaiti Kufpec Maintaining Oil Output

The Kuwait Foreign Petroleum Exploration Co (KUFPEC) is maintaining its oil output despite the drop in crude prices and global energy demand, the state-run KUNA news agency reported, citing acting chief executive Nawaf Al-Sabah.

The company's output remains at an average 108,000 barrels per day, the agency quoted Al-Sabah as saying. State-owned KUFPEC operates outside Kuwait, with exploration and production ventures in 13 countries, according to its website.