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...
As the technology required to extract and exploit Kuwait’s hydrocarbons reserves becomes ever more complex, the importance of establishing a well-structured national research and development programme increases. In Kuwait, two institutions in particular provide a framework for the nation’s research efforts with regard to its energy sector; the...
The Ivoirian government is prioritising upstream oil and gas exploration in offshore blocks, and adopting strict policies to limit speculative activity. According to the Ministry of Petroleum and Energy (Ministère du Pé trole et de l’Energie, MPE), at the end of the first half of 2012, total production of crude oil from the producing blocks of CI-11...
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