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
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
Can Halliburton Unlock Kuwait’s Offshore?
19 Jul, 2019
Kuwait Eyes Iraq Oil Cooperation
21 Jun, 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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