The government’s recent decision to make cuts to Kuwait’s petrol subsidy system is expected to boost state coffers amid low global oil prices, despite some push-back from organised labour.
Kuwait Energy
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A newly signed deal will see the creation of Kuwait’s first solar-thermal energy generation station. The project is viewed as a crucial step towards achieving the country’s goal of increasing the share of renewables in the country’s energy mix and boosting private investment in the sector.
The discovery of four new oil fields has drawn fresh attention to Kuwait’s long list of expansion projects, as the country aims to raise output by nearly one-third by 2020.
Economic update | Kuwait targets subsidy reforms
17 Nov 2014
Plummeting oil prices have brought renewed calls for Kuwait to deepen its focus on diversifying its economy and reducing hydrocarbon dependency.
Economic update | Kuwait seeking its place in the sun
14 Jul 2014
Kuwait is to broaden its energy production, launching the first step in an extensive renewable energy programme intended to ease reliance on hydrocarbons while at the same time building awareness of the commercial and investment opportunities offered by solar energy.
Kuwait is becoming increasingly concerned over the threat posed by cyber attacks against its strategic oil and gas industry, along with other sectors of the economy, with greater training of staff and improved technology seen as vital front-line defences to ensure cyber security.