Over the past decade, the thirst for fuel in emerging economies has mirrored their spectacular economic rise, shifting growth in demand for energy from the West to the East. The changing dynamics of energy demand have, in turn, affected the downstream petroleum sector, increasing the share of new investment flowing to emerging markets. Four out of...
Increasing both oil and gas production are central elements of Kuwait’s national development strategy. The former provides the bulk of the revenue on which the nation’s economic expansion has been based while the latter provides much of the nation’s electricity. Both represent potential feedstocks for the downstream industrial processes by which...
The climatological argument for the introduction of solar technology to Kuwait has long been established: the Middle East enjoys some of the most favourable solar radiation rates in the world, particularly between March and October, and within the region Kuwait’s solar radiation peak of 8000 Wh per sq metre (Wh/m2) places it at the top of the list...
The twin concepts of independent power producers (IPPs) and independent water and power projects (IWPPs) are well established in the GCC. According to the Electricity and Co-generation Regulatory Authority of Saudi Arabia, some 24,000 MW of the region’s total capacity was derived from IPP/IWPP projects in 2010 – a figure which the authority...
Kuwait’s oil and gas sector has been a difficult market to enter for foreign investors since the industry was nationalised, but two factors suggest that it may become easier in the future. The first is the scale of government investment that has been earmarked for it over the coming years. Nearly two-thirds of the investment spending outlined in the...
Hydrocarbons wealth has been the central pillar of Kuwait’s economy for nearly a century, and proven oil reserves of around 101bn barrels underwrite the nation’s future economic wellbeing. The Kuwaiti government derives 95% of its budget from oil revenue, and the oil sector accounts for around 52% of the nation’s GDP. However, the days of easy oil...
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