Energy & Utilities
From The Report: Kuwait 2024
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Kuwait’s upstream oil activities and crude oil exports are the central pillars of the country’s economy. In recent years the government has embarked upon an economic diversification drive to reduce vulnerability to oil price volatility and generate sustainable long-term growth. Renewable energy production is also targeted for expansion as Kuwait works towards fulfilling its climate commitments, while natural gas reserves are being harnessed to a greater extent and will play a central role in the national energy transition. Opportunities for foreign investment are present throughout the energy sector, with both public-private partnerships and 100% foreign business ownership offered in selected areas.

This chapter contains an interview with Ahmed Jaber Al Eidan, CEO of Kuwait Oil Company.

Articles from this Chapter

Overview

Power play: The implementation of new technologies provides investment potential
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Kuwait’s upstream oil activities and crude oil exports are the central pillars of the country’s economy. In recent years the government has embarked upon an economic diversification drive to reduce vulnerability to oil price volatility and generate sustainable longterm growth. Nevertheless, infrastructure expansion works are taking place, or have recently been completed, at each stage of the hydrocarbons value chain with the aim of maximising revenue to fund broad-based economic development. Renewable…

Interview

Sustainable management: Ahmed Jaber Al Eidan, CEO, Kuwait Oil Company (KOC), on building local capacity and diversifying the energy mix
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Interview:Ahmed Jaber Al Eidan What are the challenges and opportunities in scaling up non-associated gas production in Kuwait? AHMED AL EIDAN: Expanding non-associated gas production represents a strategic shift towards diversifying domestic energy resources. Non-associated gas production reached 562m standard cu feet per day and will have a major boost when new Jurassic production facilities are commissioned by the end of 2024. This transformation faces several challenges, such as…

Analysis

Transition planning: Alternative energy demand and production are picking up pace
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The energy transition continued apace in 2022 despite Russia’s invasion of Ukraine in February of that year, ongoing disruptions to supply chains and inflationary pressures – all of which translated into high energy prices around the globe. However, sustained high prices may mark an inflexion point in shifting the global energy system away from a dependence on hydrocarbons and towards lower-cost clean energy resources. Hydrocarbons are unevenly distributed around the world, require supply chains…