Kuwait has succeeded in reversing a drop in crude oil production capacity, and now targets 4mn b/d by 2035. An ambitious $30bn refinery upgrade program was completed in 2023 with the ramp up of the Al Zour refinery, pushing refined products exports up to record levels, but an addiction to LNG imports shows no sign of easing, while summer electricity blackouts are increasingly common.
| Crude Production | 2.41 | mn b/d |
| Crude Exports | 1.18 | mn b/d |
| Products Exports | 1.2 | mn b/d |
| Power Generation | 88.88 | TWh |
4 Apr, 2025
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With parliament suspended, Kuwait is seeking to implement overdue reforms aimed at diversifying and growing the economy. A long-awaited debt law has now been approved, could the cumbersome power plant investment framework be next up for reform?
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