Energy & Utilities
From The Report: Kuwait 2018
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The energy sector is the backbone of Kuwait’s economy, accounting for 90% of both exports and government revenue. Major projects led by state-owned companies responsible for the extraction, processing and marketing of oil and gas also drive the non-oil economy by supporting tens of thousands of jobs in engineering, construction and support services. Despite the fall in oil prices, progress on these projects and investment in new technology continues. With self-imposed production cuts coming to an end, the strategic intent is to transform Kuwait from a country that primarily pumps and exports crude oil, to one with an integrated energy industry. Goals include optimising oil extraction, realising the full potential of domestic natural gas fields and doubling refining capacity to produce cleaner fuels and increased volumes of feedstock for a more diversified downstream sector. This chapter contains an interview with Nouf Al Abdul Razzaq, General Manager, BP Kuwait.

Articles from this Chapter

Overview

Building capacity: Ambitious production targets are creating a raft of opportunities
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The energy sector is the backbone of Kuwait’s economy, accounting for roughly 90% of both exports and government revenue. Ambitious mega-projects led by state-owned companies responsible for the extraction, processing and marketing of oil and gas also drive the non-oil economy by supporting tens of thousands of jobs in engineering, construction and support services. Despite the sharp fall in oil prices starting in 2014, progress on these projects and investment in new technology across…

Interview

Staying power: Nouf Al Abdul Razzaq, General Manager, BP Kuwait, on investing in technology and people to foster long-term growth
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Interview:Nouf Al Abdul Razzaq What incentives exist for international oil companies to develop innovative and advanced technologies in the upstream segment? NOUF AL ABDUL RAZZAQ: In the upstream segment, we focus technology on exploration, deepwater, managing giant fields and gas value chains. It is in these areas where technology can enable competitive advantages and deliver the most value for resource holders and shareholders, as well as help meet the world’s energy needs. Technology…

Analysis

The government is working to improve water infrastructure: and production capacity Securing resources
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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 new communities are constructed, additional facilities will be required for the storage and distribution of potable water. Water Sources The early…

Analysis

A concerted effort: Projects in the pipeline are set to drive hydrocarbons production
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The decision to invest $500bn in Kuwait’s energy sector by 2040 is part of the government’s drive to pursue significant increases in hydrocarbons production. Long-term goals include boosting domestic refinery throughput to 2m barrels per day (bpd) by 2035, and increasing crude oil production and non-associated natural gas output to 4.75m bpd and 2.5bn standard cu feet per day (scfd) by 2040, respectively. Included in the long-term strategy is a more immediate five-year $114bn capital…

Analysis

Solar wave: Turning to solar energy projects to further renewable goals
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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 achieving global warming targets, advocates of renewable energy say solar schemes can also help with the export and refining of fossil fuels by…