Energy

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...

Along with Saudi Arabia, Iran, Iraq and Venezuela, Kuwait is a founding member of OPEC, which holds almost 81% of the world’s proven oil reserves, with over 66% of these stocks located in the Middle East. Despite having just over a 10th of the landmass of England, Kuwait holds the sixth-largest proven oil reserves in the world, according to...

Despite the drop in global oil prices since 2014, Kuwait has announced ambitious plans to invest $100bn on oil and gas projects between 2015 and 2020. Investment will be split between upstream investments to raise Kuwait’s output capacity and downstream projects to increase the country’s share of the energy value chain globally. The investment...