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.
| Crude Output | 2.67 | mn b/d |
| Crude Exports | 1.99 | mn b/d |
| Gas Output | 1.69 | mn cfd |
| Gas Imports | 0.44 | mn cfd |
26 Feb, 2021
Featured
Kuwait’s Emir has suspended parliament, further delaying much-needed economic reforms. Latest forecasts are of 11 straight budget deficits out to 2025.
12 Feb, 2021
22 Jan, 2021
15 Jan, 2021
8 Jan, 2021
4 Dec, 2020
Keep abreast with current events with our weekly headlines.
You’ll also be notified of our free articles & maps.
By signing up, you agree to receive promotional emails. You can unsubscribe at any time. For more information, read our privacy statement.