While Jordan has few oil and gas resources of its own, it does have an abundance of several key natural resources that can potentially be used to produce energy. One of these is oil shale, the sedimentary rock that underlies around two-thirds of the kingdom’s territory – giving Jordan one of the largest deposits of this material anywhere in the world. Oil shale can be...
Unlike its neighbours, Jordan has never had a large oil and gas sector. While Iraq and Saudi Arabia have major hydrocarbons industries, the fields on which these are based seem to barely touch the kingdom, with Jordan thus in the unenviable position of having to import almost all of its oil and gas needs. Yet while small, Jordan’s oil and gas sector still makes a vital...
Kuwait’s vast oil wealth has allowed its leadership and citizenry the luxury of inexpensive, readily available electricity, with energy demands traditionally met using oil-fired power stations. Oil consumption for power generation previously comprised a relatively small portion of overall crude production and did not make a major dent in oil...
Following shutdowns caused by power shortages in early 2014, Kuwait’s refineries are poised to undergo improvements in the year via multibillion-dollar upgrades and new facilities led by the private sector, including construction of the world’s largest oil refinery, which will substantially boost both exports and revenues. At the same time,...
As the Kuwaiti government moves to invest billions in upgrading and expanding its oil production facilities, it has targeted an ambitious increase in crude output, with plans to produce 4m barrels per day (bpd) by 2020. New demand for enhanced oil recovery (EOR) in the Greater Burgan area has already facilitated further participation by...
With more than 100bn barrels of proven oil reserves, new discoveries in the north of the country and increasingly sophisticated extraction methods ready to be implemented, it is expected that oil revenues will continue to be Kuwait’s most significant economic pillar well beyond 2014. Kuwait ranked as the world’s sixth-largest oil producer in...
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