Energy & Utilities
From The Report: Kuwait 2024
View in Online Reader

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.