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.
Management of the external operations of the state oil company, Kuwait Petroleum Corporation (KPC), is delegated to various subsidiaries, which are particularly focused on expanding the state’s assets abroad.
With one of the highest rates of energy consumption per capita in the world, meeting electricity demand is a pressing concern for Kuwait. According to the World Bank’s World Development Indicators, the country was the fourth-largest consumer of electricity per capita in 2011. A growing economy and an increasingly wealthy population is pushing...
Kuwait’s oil reserves include a total of approximately 13bn barrels of heavy crude oil, located primarily in the country’s northern fields of Raudhatain, Sabriya, Abdali, and Ratqa, as well as the Partitioned Neutral Zone (PNZ). Developing production in the northern Jurassic fields will help the government to meet the key objective of Project...
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