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...
As new discoveries are being made in the north of the country, and as the industry develops increasingly sophisticated extraction technologies, Kuwait’s oil revenues should see a new boost. The authorities are also seeking to develop the country’s natural gas resources, as these could provide a valuable alternative for electricity generation. Although the kingdom was ranked as the world’s...
Kuwait accounts for approximately 6.1% of the world’s proven oil reserves, with hydrocarbons revenues comprising more than 65% of the country’s GDP and 95% of total exports in 2013. Cautious budgetary decisions have resulted in large surpluses, creating a solid base for public expenditure programmes such as the National Development Plan, which is set to diversify the economy and boost employment.
The first liquefied natural gas (LNG) cargos have left Papua New Guinea en route to Asian markets. What does that mean for PNG and Oil Search?
How can the oil industry help contribute to the broader economic development of Papua New Guinea and the well-being of its citizens?
With thousands of kilometres of rivers and monthly average rainfall often exceeding 300 mm, Papua New Guinea is well suited for hydropower production. Unfortunately, the same geography and climate that makes the country conducive for power development also creates barriers to its development. Most notably its rugged features pose significant...
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