Middle East
Kuwait
Kuwait is a key Opec producer, with capacity touching 3mn b/d, but is dependent on LNG imports. A fractious political system continues to bedevil ambitious plans to increase production capacity.
State of Play
Kuwait has acknowledged defeat on its bid to increase production capacity to 4mn b/d by 2020. The cornerstone of this was Kuwait Oil Company’s 3.65mn b/d target, but in late-2018 this was pushed back to at least 2023. The next planned milestone is the mid-2019 start of the Lower Fars Phase One Heavy Oil development. A new team at the top will have to contend with an increasingly agitative parliament.
2018 In Numbers
Crude Output
2.75
mn b/d
Crude Exports
2.05
mn b/d
Gas Output
18
bcm
Oil & Gas export revenue
66
$bn
| Crude Output | 2.75 | mn b/d |
| Crude Exports | 2.05 | mn b/d |
| Gas Output | 18 | bcm |
| Oil & Gas export revenue | 66 | $bn |
30 Aug, 2019
Featured
Kuwait Upstream Chief Pledges Ambitious Investment To Boost Capacity
Emad Sultan was appointed CEO of Kuwait Oil Company in February as part of a wide-ranging shakeup of the emirate’s oil and gas sector. He speaks to MEES about the company’s ambitions and recent achievements.
Kuwait's Key Energy Assets
NEWS IN BRIEF
KPC Finalizes $1.2bn Financing
8 Nov, 2019
Kuwait Goes Green In Search Of Capacity Excuses
25 Oct, 2019
Kuwait Texas JV Start-Up
18 Oct, 2019
Kuwait CFP Pushed Back To 2020
11 Oct, 2019
Kuwait Completes Texas Plant
13 Sep, 2019
Kuwait Electricity: Peak Load Down, Gas Burn Up
6 Sep, 2019
Kuwait’s KNPC Begins Clean Fuels Commissioning
6 Sep, 2019
Kuwait Buys Korean Petchems
9 Aug, 2019
SELECTED DATA
Kuwait's Key Products Output, Crude Runs Hit By Shuaiba Shutdown, Clean Fuels Upgrades ('000 B/D)
Kuwait Powergen Fuel Consumption: Gas Tops* Liquid Fuels^ For The First Time In Q4 2018
China's Largest Suppliers Capitalize On Its Burgeoning Appetite For Oil Imports ('000 B/D)
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