Kuwait energy sector expansion will hit obstacles
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Subject Prospects for Kuwait's energy sector expansion Significance Despite falling revenue because of the slump in global oil prices Kuwait is embarking on two ambitious energy ventures: constructing what will be the region's largest new oil refinery and increasing crude oil production capacity by more than 1 million barrels per day (b/d) by 2020. Impacts Increased oil output capacity will bolster Kuwait' s effort to retain market share in an over-supplied global market. Kuwait is emulating Saudi Arabia in integrating its refining and petrochemical sectors, though diversification will lag. Kuwait will incur Saudi displeasure by developing closer ties with post-sanctions Iran, a possible supplier of new natural gas supplies.
2020 ◽
Vol 16
(9)
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pp. 1656-1673
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2019 ◽
Vol 36
(4)
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pp. 682-699
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2020 ◽
Vol 10
(2)
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pp. 124-131
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2019 ◽
Vol 46
(2)
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pp. 356-371
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