While many members of the GCC have announced high-profile renewable energy projects in recent years, Kuwait has taken comparatively little action to diversify its energy base so far. Its domestic reserves of oil and natural gas could in theory power the country for the next several hundred years. Existing renewable energy technologies are expensive...
For years the availability of cheap and abundant oil has meant that the development of the country’s natural gas reserves has only recently come to the fore. However, growing demand for power and water generation, environmental concerns, advances in technology and the rising price of oil have combined to make the extraction and processing of this...
How has the Gulf of Mexico spill affected the industry’s approach to innovative drilling?
Nearly two-thirds of the investment spending identified in the country’s five-year development plan, some KD20bn ($72.1bn), has been earmarked for the oil sector. The expenditure of these funds is largely geared towards expanding production capacity from around 3.15m barrels per day (bpd) to 3.5m bpd by 2015 and 4m bpd by 2020. This investment could...
Nestled between Iraq and Saudi Arabia in the northwest corner of the Gulf, Kuwait has been a leader of Arab democracy and one of the most liberal nations within the GCC since the country gained independence in 1961. Economically, the country also has a bright future, with strong public finances, a young and well-educated population and vast oil deposits.
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