KUWAIT — Kuwait’s Minister of Oil and Minister of Electricity and Water Essam Al-Marzouq Tuesday said extending oil production cuts by OPEC and non-OPEC countries would be confirmed in a meeting of OPEC oil ministers, due in Vienna on May 25.

OPEC and non-OPEC countries have agreed on cutting oil output which would expire in June next.

There is a consensus among major oil producers now to extend the cut until March 2018.

Al-Marzouq was speaking to reporters on sidelines of a regional workshop about energy efficiency and future challenges.

Asked about power stations’ performance in summer, Al-Marzouq said the Ministry of Electricity and Water (MEW) has completed maintenance of all stations.

“But that does not mean there might not be blackouts because high weather temperature affects all machines, but we have taken necessary precaution and increased number of emergency teams,” he added.

Al-Marzouq, in his remarks at the workshop, said implementing the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah’s vision to provide 15 percent of renewable energy out of total energy used in Kuwait by 2030, would “save around USD 2.463 billion every year.” Work is underway to achieve this vision, he added.

Faisal Al-Atel, head of Kuwait Society of Engineers, which organized the workshop, said the society formed a committee to boost awareness in importance of the renewable energy.

Source: NAM News Network