Kuwait Industry Sector Research Highlights

Analysis

How Kuwait is expanding downstream value in hydrocarbons industry
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Kuwait’s Clean Fuels Project (CFP) is among the most important endeavours associated with the country’s downstream energy segment, and it is expected to help boost Kuwait’s global position in oil refining. The project’s main objective was to expand and upgrade the Mina Al Ahmadi and Mina Abdullah refineries – owned and operated by the Kuwait National Petroleum Company (KNPC) – into an integrated…

Analysis

How industry is adopting circular economic policies to boost exports
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With Russia’s invasion of Ukraine reigniting debate about the pace of the energy transition and the risks of relying on oil and gas imports from countries with opposing agendas, discussion in the Gulf is framed around how to extract maximum benefit from hydrocarbons while also playing a responsible role in efforts to both mitigate climate change and maintain stability in international energy supply.…

Analysis

Kuwait investing in clean energy projects
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To address one of the highest rates of per capita energy consumption globally, the government of Kuwait is taking a multi-pronged approach involving the reduction of subsidies following the rollout of incentives for green energy solutions and national energy efficiency initiatives in 2016-17. Emir Sheikh Sabah Al Ahmed Al Jaber Al Sabah first announced a target in 2012 to increase domestic energy production…

Analysis

Rising oil prices catalysing investment in alternative energy in GCC
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After opening 2022 at around $78 per barrel, Brent crude prices rose sharply over the next few months to surpass $127 on March 8 – the highest price in 14 years, driven in part by Russia’s invasion of Ukraine. Prices remained elevated throughout much of the year, although they had returned to early January levels by early December amid growing fears of a global recession and weakening demand. The…

Analysis

Gulf countries look to carbon capture to drive net-zero emissions
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As hydrocarbons producers reap sustained revenue from high global prices, national oil companies (NOCs) in the Gulf are accelerating investment in carbon capture, utilisation and storage (CCUS); hydrogen; and cleaner sources of energy to make their activities less carbon-intensive and support the energy transition. Gulf NOCs’ low-cost production advantages and massive hydrocarbons resources mean…

Overview

Kuwait creating economic zones to support industrial expansion
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Kuwait’s economy relies heavily on its hydrocarbons-related industries, and while plans are in place to transition to renewable energies, medium-term development strategies will see oil and gas extraction, processing and capacities ramped up, with the revenue channelled into the government’s industrial diversification drive. Downstream chemicals and petrochemicals production forms the backbone…

Overview

Kuwait accelerates energy diversification efforts
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Kuwait is largely reliant on oil for exports, government revenue and GDP contribution. The country is therefore particularly sensitive to fluctuating global hydrocarbons prices and the long-term financial risks associated with the global shift towards lower-carbon sources of energy. Transitioning towards a more diversified and sustainable energy mix is an ongoing challenge for the country, as for much…

Interview

Mohammed E Al Adwani, Director-General, Public Authority for Industry (PAI): Interview
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Interview:Mohammed E Al Adwani Which industrial activities present the most promising growth and investment opportunities, and what factors are driving demand? MOHAMMED E AL ADWANI: Kuwait’s industrial sector has gone through a period of re-evaluation as a direct consequence of the Covid-19 pandemic. In this context, the PAI designed a strategy to address the country’s most pressing industrial…

Interview

Sheikh Nawaf Al Sabah, CEO, Kuwait Petroleum Corporation (KPC): Interview
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Interview:Sheikh Nawaf Al Sabah What are the most attractive investment opportunities in the country’s oil and gas industry? SHEIKH NAWAF: As part of KPC’s 2040 strategic plan we aim to increase the production of oil to 4m barrels per day (bpd) and gas capacity to 4bn standard cu feet per day (scfd) by 2040. Achieving and sustaining these targets will be largely dependent on implementing…

Chapter

The Report: Kuwait 2022: Industry
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Kuwait’s economy relies heavily on hydrocarbons-related industries, and while plans are in place to transition to more renewable sources, medium-term development strategies will see oil and gas extraction, processing and capacities ramped up, with the revenue channelled into the government’s industrial diversification drive. Downstream chemicals and petrochemicals production forms the backbone…

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Kuwait Industry Sector Research Highlights

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