A founding member of the Organisation of the Petroleum Exporting Countries, Kuwait and other members together hold over 80% of the world’s proven oil reserves, of which Kuwait has 101.5bn barrels, or 6%. After the Second World War its role in newly global energy markets gradually increased, with production growing to 1m by 1955. Following independence in 1961, the country spent two decades...
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The fall in oil prices led to significantly reduced government revenues for Kuwait in 2015. Despite this the country’s 2016 spending remained largely in line with previous years as the government opted to draw on its considerable financial buffers to help make up for budgetary shortfalls.
Economic update | Djibouti mise sur la géothermie
15 Oct 2016
A Djibouti, les autorités cherchent à accroître la part des énergies renouvelables dans le bouquet énergétique, en misant particulièrement sur le fort potentiel géothermique du pays.
Interviews & Viewpoints | Kayode Fayemi, Minister of Mines and Steel Development: Interview from The Report: Nigeria 2016
Articles & Analysis | Substantial deposits of a valuable mineral in Nigeria offer potential to mining sector from The Report: Nigeria 2016
In 2016 the government turned its attention to bitumen – also known as asphalt, which is used in road-surfacing – placing the country’s large standalone deposits of the hydrocarbon mixture at the centre of its plans to bolster the extractive industries and support economic diversification and growth. While this has the potential to support...
Articles & Analysis | Nigeria's untapped mineral reserves could aid the goal of economic diversification from The Report: Nigeria 2016
During the 1970s Nigeria had a prosperous, export-orientated mining industry. Before the discovery of oil, the West African nation had developed strong production operations for coal, tin and columbite. The discovery of hydrocarbons eclipsed these activities and relegated mining to an economic footnote. However, with the recent decline in the...