Kuwait Energy Articles & Analysis

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Along with Saudi Arabia, Iran, Iraq and Venezuela, Kuwait is a founding member of OPEC, which holds almost 81% of the world’s proven oil reserves, with over 66% of these stocks located in the Middle East. Despite having just over a 10th of the landmass of England, Kuwait holds the sixth-largest proven oil reserves in the world, according to...

 

Despite the drop in global oil prices since 2014, Kuwait has announced ambitious plans to invest $100bn on oil and gas projects between 2015 and 2020. Investment will be split between upstream investments to raise Kuwait’s output capacity and downstream projects to increase the country’s share of the energy value chain globally. The investment...

Chapter | Energy from The Report: Kuwait 2015

Kuwait’s position as one of the biggest players in the international energy markets is backed by its proven reserves, currently the sixth-largest in the world. While international oil prices will have a significant impact on state revenues moving forward, low production costs and ample fiscal reserves should shield the country from the price downturn. The country increased its oil production...

The discovery of four new oil fields has drawn fresh attention to Kuwait’s long list of expansion projects, as the country aims to raise output by nearly one-third by 2020.

Plummeting oil prices have brought renewed calls for Kuwait to deepen its focus on diversifying its economy and reducing hydrocarbon dependency. 

 

Kuwait’s vast oil wealth has allowed its leadership and citizenry the luxury of inexpensive, readily available electricity, with energy demands traditionally met using oil-fired power stations. Oil consumption for power generation previously comprised a relatively small portion of overall crude production and did not make a major dent in oil...