With just 1.63m people, Gabon is the second-smallest member of the six-country Central African Economic and Monetary Community in terms of population, after Equatorial Guinea. However, the country’s well-developed hydrocarbons sector has made Gabon the second-largest economy in the sub-region.
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...
In addition to ambitious production and refinery expansion plans, the Kuwaiti government is also moving to rapidly enlarge and upgrade its power grid. With recent refinery shutdowns highlighting the country’s energy vulnerabilities, and domestic consumption of heavily subsidised electricity continuing to rise, the country’s power grid is in...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×