Middle East

Kuwait

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.

Map
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
Korea Looks For Replacement Iranian Barrels As Us Breaks Into Top 5 Suppliers ('000 B/D)