Middle East


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.

2019 In Numbers
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
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1: Kuwait Export Revenues Have Been Decimated By The Oil Price Collapse ($Bn)

2: Kuwait Has Been Struggling To Eliminate Its Budget Deficits Amid Persistent Low Oil Prices ($Bn)

Kuwait's Key Products Output, Crude Runs Hit By Shuaiba Shutdown, Clean Fuels Upgrades ('000 B/D)

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