During the recent unrest in the Middle East, virtually no oil production has been affected, except in Libya, Sara Akbar, CEO of Kuwait Energy, told CNBC Tuesday.
“In Egypt, none of the operation stopped,” said Akbar, whose company has operations in Egypt, Yemen and Iraq. “Production didn’t go down—not a single barrel. We have not stopped any operation.”
Akbar added that regardless of any political circumstances, no one in the region wants to stop production because “they need the revenue.”