The Organization of the Petroleum Exporting Countries (OPEC) is moving to appoint "one of the top consultants" to visit member states and assess their production capacity in the coming months, Kuwait's oil minister Tareq Al-Roumi said on Wednesday.
OPEC+ ministers asked OPEC's headquarters in May to develop a mechanism to assess the maximum sustainable production capacity for each member, which will be used as reference for their 2027 production baselines, according to Reuters.
"Let's see the results of this study first, and then we decide. It's difficult to answer this question now," Al-Roumi told reporters in Kuwait.
Kuwait's crude oil production capacity stands at 3.2 million barrels per day, Al-Roumi told a Kuwaiti newspaper in September.
This marked the highest level in more than a decade, after peaking at 3.3 million bpd in 2010 then falling below 3 million.
