Kuwait Energy Articles & Analysis

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With the sixth-largest proven oil reserves in the world, and an industry that dates back to the early days of oil and gas dominance in energy, Kuwait is among the world’s principal hydrocarbons powers. Yet, given the lower oil prices seen in global markets in recent years, initiatives outlined in the New Kuwait 2035 development plan come at a critical time in terms of enhancing the state’s competitiveness as a destination for foreign direct investment.

Kuwait has moved to further expand its energy sector, after officials resumed talks with their Saudi Arabian counterparts on oil production in the Partitioned Neutral Zone (PNZ).

In order to meet rising domestic demand and free up oil for export, Kuwait is increasing investment in solar energy, providing opportunities for technology and service providers.

 

What incentives exist for international oil companies to develop innovative and advanced technologies in the upstream segment?

 

With no fresh surface water and an average rainfall of just 110 mm per year, Kuwait depends heavily on desalination to meet its fresh water requirements. Rapid growth in the country’s resident population, coupled with some of the world’s highest per capita consumption levels, has fuelled demand and contributed to a serious water problem. As...

 

In early 2019 contracts could be signed for a 1-GW solar photovoltaic (PV) power plant in Kuwait, marking a significant step forward on emir of Kuwait Sheikh Sabah Al Ahmad Al Jaber Al Sabah’s pledge to generate 15% of the country’s energy needs from clean, renewable sources by 2030. While the oil-producing country may wish to play its part in...