Kuwait Energy Outlook Sustaining Prosperity Through Strategic Energy Management
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Country Analysis Brief: Kuwait
Country Analysis Brief: Kuwait Last Updated: November 2, 2016 Overview Kuwait was the 10th-largest producer of petroleum and other liquids in 2015. As a member of the Organization of the Petroleum Exporting Countries (OPEC), Kuwait was the world’s 10th-largest producer of petroleum and other liquids in 2015, and it was the fifth-largest producer of crude oil among the 14 OPEC members. Despite its relatively small geographic size (about 6,900 square miles), in terms of production, it only trailed Saudi Arabia, Iraq, Iran, and the United Arab Emirates in production of petroleum and other liquids in 2015. Kuwait's economy is heavily dependent on petroleum export revenues, which accounted for more than 70% of the government’s total revenues in 2015, according to IMF estimates.1 In fact, petroleum exports accounted for almost 89% of total export revenues in 2015.2 Much like other OPEC producers, Kuwait saw the value of its total exports fall sharply in 2015 as crude oil prices fell. In 2014, Kuwait’s value of exports totaled roughly $104 billion and fell to about $55 billion in 2015. The share of petroleum exports in 2014 was 94% of the total export revenue.3 U.S. Energy Information Administration (EIA) estimates that Kuwait’s net export revenues totaled $40 billion in 2015, about half of what Kuwait earned during the previous year.4 Although some of the decline in net export revenue is a result of a decrease in production and exports during the year, the decrease in crude oil prices accounted for most of the decline in net export revenues. -
Kuwait Petroleum Corporation: Searching for Strategy in a Fragmented Oil Sector Paul Stevens
Kuwait Petroleum Corporation: Searching for Strategy in a Fragmented Oil Sector Paul Stevens Working Paper #78 July 2008 PESD Working Paper #78 July 14, 2008 Stevens, KPC The Program on Energy and Sustainable Development at Stanford University is an interdisciplinary research program focused on the economic and environmental consequences of global energy consumption. Its studies examine the development of global natural gas markets, the role of national oil companies, reform of electric power markets, international climate policy, and how the availability of modern energy services, such as electricity, can affect the process of economic growth in the world’s poorest regions. The Program, established in September 2001, includes a global network of scholars—based at centers of excellence on five continents—in law, political science, economics and engineering. It is based at the Freeman Spogli Institute for International Studies. Program on Energy and Sustainable Development Freeman Spogli Institute for International Studies Encina Hall East, Room E415 Stanford University Stanford, CA 94305-6055 http://pesd.stanford.edu 2 PESD Working Paper #78 July 14, 2008 Stevens, KPC About the National Oil Company Study While the role of the state is declining in nearly every sector of world economic activity, in hydrocarbons the pattern is quite different. State-controlled oil companies—so-called national oil companies (NOCs)— remain firmly in control over the vast majority of the world's hydrocarbon resources. Some NOCs are singular in their control over their home market; others engage in various joint ventures or are exposed to competition. PESD’s study on National Oil Companies focuses on fifteen NOCs: Saudi Aramco, NIOC (National Iranian Oil Co), KPC (Kuwait Petroleum Co), PDVSA (Petróleos de Venezuela) , ADNOC (Abu Dhabi National Oil Company), NNPC (Nigerian National Petroleum Co), PEMEX, Gazprom , Sonatrach, CNPC, Petrobras, Petronas, ONGC, Sonangol, and Statoil. -
Renewable Energy in the GCC Countries Resources, Potential, and Prospects
Renewable Energy in the GCC Countries Resources, Potential, and Prospects Renewable Energy in the GCC Countries Resources, Potential, and Prospects Imen Jeridi Bachellerie Gulf Research Center The cover image shows the Beam Down Pilot Project at Masdar City. Photo Credit: Masdar City Gulf Research Center E-mail: [email protected] Website: www.grc.net First published March 2012 Gulf Research Center © Gulf Research Center 2012 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of the Gulf Research Center. ISBN: 978-9948-490-05-0 The opinions expressed in this publication are those of the author alone and do not necessarily state or reflect the opinions or position of the Gulf Research Center or the Friedrich-Ebert-Stiftung. By publishing this volume, the Gulf Research Center (GRC) seeks to contribute to the enrichment of the reader’s knowledge out of the Center’s strong conviction that ‘knowledge is for all.’ Dr. Abdulaziz O. Sager Chairman Gulf Research Center About the Gulf Research Center The Gulf Research Center (GRC) is an independent research institute founded in July 2000 by Dr. Abdulaziz Sager, a Saudi businessman, who realized, in a world of rapid political, social and economic change, the importance of pursuing politically neutral and academically sound research about the Gulf region and disseminating the knowledge obtained as widely as possible. The Center is a non-partisan think-tank, education service provider and consultancy specializing in the Gulf region. -
The Political Economy of Arab Gulf States-RS-Lh-KCU
JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY RICE UNIVERSITY THE POLITICAL ECONOMY OF ARAB GULF STATES BY KRISTIAN COATES ULRICHSEN, PH.D. FELLOW FOR THE MIDDLE EAST JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY RICE UNIVERSITY MAY 8, 2015 The Political Economy of Arab Gulf States THIS PAPER WAS WRITTEN BY A RESEARCHER (OR RESEARCHERS) WHO PARTICIPATED IN A BAKER INSTITUTE RESEARCH PROJECT. WHEREVER FEASIBLE, PAPERS ARE REVIEWED BY OUTSIDE EXPERTS BEFORE THEY ARE RELEASED. HOWEVER, THE RESEARCH AND VIEWS EXPRESSED IN THIS PAPER ARE THOSE OF THE INDIVIDUAL RESEARCHER(S) AND DO NOT NECESSARILY REPRESENT THE VIEWS OF THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY. © 2015 BY THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY OF RICE UNIVERSITY THIS MATERIAL MAY BE QUOTED OR REPRODUCED WITHOUT PRIOR PERMISSION, PROVIDED APPROPRIATE CREDIT IS GIVEN TO THE AUTHOR AND THE JAMES A. BAKER III INSTITUTE FOR PUBLIC POLICY 2 The Political Economy of Arab Gulf States Introduction This paper assesses the multifaceted reasons behind the Arab Gulf states’ uneven record of integration into the global economy. It begins by documenting how the ties binding the Gulf states into the global economy are both deep-rooted and long predate the discovery and extraction of oil in the 20th century. Rather, the opening section highlights the historical interconnectivity of the transnational flows that tied the region into a broader economic hinterland spanning the Indian Oceanic world. Nevertheless, these processes were patchy and subject to partial reversal during the early oil years. Thus, the second section examines the entrenched dynamics that also served to limit the Gulf states’ relationship with the international system, both politically and economically. -
Main English 1 Copy
Issue No.31 January,March 2005 1980- 2005 KPC Commemorates its Silver Jubilee In This Issue Special file on the history of oil in Kuwait and the circumstances leading to the creation of KPC and development of its various oil related activities. Sheikh Ahmad Al Fahad, Minister of Energy, underlines the importance of the oil sector and describes it as the back- bone of Kuwait’s economy. He also highlights future plans to enhance production and refining capacity. Hani Abdulaziz Hussein, KPC’s A series of interviews with for- The crucial phase KPC endured CEO, sheds light on key chal- mer oil leaders to ascertain their during the Iraqi occupation and lenges and promising upstream views on the performance of the the triumphant reconstruction and downstream opportunities. Corporation and their aspirations process. for the future of the oil industry. KPC’s Mission Editor In Chief Kuwait Petroleum Corporation (KPC) is a Corporation of economic character, Talal Al Khalid Al Sabah run on a commercial basis and fully owned by the State. It is one of the world’s Managing Director major oil & gas companies and its activities are focused on petroleum explo- Petroleum Services ration and production, refining, marketing, petrochemicals, and transport. KPC’s mission is to manage and operate these integrated activities worldwide in the most efficient and professional manner. In addition to growing share- holder value whilst ensuring the optimum exploitation of Kuwait hydrocarbon resources.KPC has an important role in contributing to the support and devel- opment of the Kuwaiti economy, developing national manpower, maintaining superior commercial and technical expertise and proactively managing the environmental, health and safety aspects related to KPC’s businesses. -
Arab Region Progress in Sustainable Energy Global Tracking Framework Regional Report E/ESCWA/SDPD/2017/2
Economic and Social Commission for Western Asia Arab Region Progress in Sustainable Energy Global Tracking Framework Regional Report E/ESCWA/SDPD/2017/2 Economic and Social Commission for Western Asia Arab Region Progress in Sustainable Energy Global Tracking Framework Regional Report UNITED NATIONS Beirut 2 © 2017 United Nations All rights reserved worldwide Photocopies and reproductions of excerpts are allowed with proper credits. All queries on rights and licenses, including subsidiary rights, should be addressed to the United Nations Economic and Social Commission for Western Asia (ESCWA), e-mail: [email protected]. The findings, interpretations and conclusions expressed in this publication are those of the authors and do not necessarily reflect the views of the United Nations or its officials or Member States. The designations employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. Links contained in this publication are provided for the convenience of the reader and are correct at the time of issue. The United Nations takes no responsibility for the continued accuracy of that information or for the content of any external website. References have, wherever possible, been verified. Mention of commercial names and products does not imply the endorsement of the United Nations. References to dollars ($) are to United States dollars, unless otherwise stated. Symbols of United Nations documents are composed of capital letters combined with figures. -
Ownership and Control of Oil
Ownership and Control of Oil Ownership and Control of Oil examines government decisions about how much control to exert over the petroleum industry, focusing on the role of National Oil Companies in the production of crude oil since the nationalizations in the 1970s. • What are the motives for which some producing states opt for less and not more control of their oil production sector? • When can International Oil Companies enter the upstream industry of producing states and under what conditions? The diversity of policy choices across producers provides the stage for this investigation: different theoretical explanations are confronted with empirical evidence, with the aim of fi nally proposing an interdisciplinary framework of analysis to explain who controls oil production around the world. This book is intended for both specialists and general readers who have an interest in the issue of government control of the petroleum industry. Due to its multidisciplinary approach, the book is aimed at a large academic public composed of scholars of political science, international political economy, comparative politics, and Middle East area studies. Moreover, this book should be relevant to international consultants, industry professionals and decision-makers in countries assessing their experience with existing control structures as well as the many countries in the process of joining the “petroleum club” of oil producing nations. Bianca Sarbu is a post-doctoral researcher at the Center for Security Studies, ETH Zurich. Her research spans the fi eld of Energy Studies with a particu- lar focus on the oil industry, political risks, National Oil Companies and International Oil Companies, as well as the political economy of oil producing countries. -
Future Relations Between Kuwait Petroleum Corporation and the International Oil Companies: Success Or Failure?
F U TU RE R E LA TI ON S B ET WE EN K U WA IT P E TR OL EU M C O RP OR AT IO N A ND T HE I N TE RN AT IO NA L O I L C O M P AN IE S : S U C C E S S O R F A I L U R E ? Master of Arts in Law and Diplomacy Thesis Submitted by Arwa Mohammad Abulhasan May 2004 Under the advisement of Professor Bruce Everett © 2004 Arwa Mohammad Abulhasan http://fletcher.tufts.edu Future Relations between Kuwait Petroleum Corporation and the International Oil Companies: Success or Failure? Arwa Mohammad Abulhasan Candidate for Master of Arts in Law and Diplomacy 2004 Presented to the Fletcher School of Law and Diplomacy Advised by Professor Bruce Everett Acknowledgements First and foremost, I would like to thank Professor Bruce Everett for introducing me to the fascinating study of petroleum, and for being a dedicated mentor. For giving me invaluable information: Shamael Al Sharikh Nawaf Al Sabah Abdulaziz Al Attar Suzanne Maloney Scott Ingersoll For helping me with translation: Bader Al Saif Obaida El-Dandarawy For being my steadfast writing tutor: Rebecca Kinyon Last, but certainly not least, I would like to thank my mother, my brother, and Obaida El- Dandarawy for their inspiration and encouragement. 2 Table of Contents EXECUTIVE SUMMARY.................................................................................................................................................4 INTRODUCTION ...............................................................................................................................................................5 ORIGINS -
Kuwait Mid-Range Development Plan 2015/2016 – 2019/2020
KUWAIT MID-RANGE DEVELOPMENT PLAN 2015/2016 – 2019/2020 MAY 2015 TABLE OF CONTENTS 1. INTRODUCTION 5 2. VISION AND DIRECTIONS 9 3. INDICES AND REVIEW OF PROGRESS 17 4. PROJECTS 31 5. LEGISLATIVE REQUIREMENTS 69 6. CONCLUDING SECTION 73 7. APPENDICES 75 INTRODUCTION 1 1.1. THE ENHANCED STRUCTURE OF THE MID-RANGE PLAN 1.2. REFLECTION ON PREVIOUS PLANS 1.3. BENEFITS OF THE NEW MID-RANGE PLAN 1.4. PURPOSE OF THE NEW MID-RANGE PLAN 1. INTRODUCTION 1.1. THE ENHANCED STRUCTURE OF THE MID-RANGE PLAN The 2015/2016 – 2019/2020 mid-range plan presents a national direction for the coming years, derived from the vision of His Highness the Emir of Kuwait, Sheikh Sabah Al Ahmad Al Sabah. The envisioned direction sets areas of focus, and determines the plans and projects to achieve the desired state from Kuwait and its inhabitants. The structure of the 2015/2016 – 2019/2020 mid-range plan has been revised to follow a clear cascading process, from the national vision, to specific areas of focus down to supporting projects. This process will focus and unify development efforts in Kuwait towards achieving common goals that serve the greater good of the nation. The vision of His Highness the Emir is cascaded into five themes that represent a desired “end state” for Kuwait. These themes are supported by seven pillars that represent the drivers that Kuwait’s different institutions (executive, legislative, and judicial) can use to achieve them. Global indices are used to measure Kuwait’s progress to allow the comparison with other countries and remove political manipulation of data. -
KOGS 2019 Show Report.Pdf
2019 Post Show Results HOSTED BY SUPPORTED BY CONFERENCE ORGANISERS EXHIBITION ORGANISERS Show overview A record total of 6,522 world energy leaders, stakeholders and executives from 50+ countries converged in Kuwait for the 4th Society of Petroleum Engineers Kuwait Oil & Gas Show and Conference (KOGS 2019) between 13 - 16 October for 4 days of strategic dialogue and business opportunities. 7% increase in attendance Marking a 7% increase in attendance, attendees were welcomed by 191 exhibitors from 30 countries at the world-class exhibition of state-of-the-art equipment, machinery, technological advancements and innovative services in the oil, gas, refining and petrochemical sectors. The parallel conference programme convened under the theme ‘New Energy Transition: Delivering Value Through Collaboration and Capability’ and featured over 190 expert speakers, covering topics across the full value chain focused on today’s industry trends and challenges. Industry support KOGS 2019 was held under the patronage of the Prime Minister of Kuwait His Highness Sheikh Jaber Mubarak Al-Hamad Al-Sabah, and was officially supported by the Kuwait Ministry of Oil and Kuwait Petroleum Corporation and subsidiaries. The exhibition was organised by Informa Markets. The parallel multi-disciplinary conference was co-ordinated by the Society of Petroleum Engineers (SPE) in cooperation with a committee of senior NOC and IOC representatives, major operators and academia active in the region. In 2019 the committee was chaired by Hashem Sayed Hashem, Deputy Chairman -
Eng Cover & Back.Ai
CONTENTS Mission ............................. 2 Vision ............................. 2 Values ............................. 2 Kuwait’s Oil History ............................. 3 Kuwait Petroleum Corporation (KPC) ............................. 5 H.H. SHEIKH SABAH AL-AHMAD Kuwait Oil Company (KOC) ............................. 7 AL-JABER AL-SABAH AMIR OF THE STATE OF KUWAIT Oil Development Company (ODC) ............................. 9 Kuwait National Petroleum Company (KNPC) ............................. 11 Petrochemical Industries Company (PIC) ............................. 13 Kuwait Oil Tanker Company (KOTC) ............................. 15 Kuwait Aviation Fuelling Company (KAFCO) ............................. 17 Oil Sector Services (OSSC) ............................. 19 Kuwait Gulf Oil Company (KGOC) ............................. 21 Kuwait Foreign Petroleum Exploration Company (KUFPEC) ............................. 23 Kuwait Petroleum International Limited (KPI) ............................. 24 Corporate Contact ............................. 25 H.H. SHEIKH NAWAF AL-AHMAD AL-JABER AL-SABAH THE CROWN PRINCE MISSION KUWAIT’S OIL HISTORY Kuwait Petroleum Corporation (KPC) is a corporation of The Kuwait desert has long stood witness On March 5th, 1975, the State of Kuwait and the economic character, run on a commercial basis and fully to several strange black patches of a rough two foreign oil companies that had held owned by the State. It is one of the world’s major oil bituminous substance, but not until the the State’s oil concession -
Kuwait Mid-Rangedevelopment Plan
KUWAIT MID-RANGE DEVELOPMENT PLAN 2015/2016 – 2019/2020 MAY 2015 TABLE OF CONTENTS 1. INTRODUCTION 5 2. VISION AND DIRECTIONS 9 3. INDICES AND REVIEW OF PROGRESS 17 4. PROJECTS 31 5. LEGISLATIVE REQUIREMENTS 69 6. CONCLUDING SECTION 73 7. APPENDICES 75 INTRODUCTION 1 1.1. THE ENHANCED STRUCTURE OF THE MID-RANGE PLAN 1.2. REFLECTION ON PREVIOUS PLANS 1.3. BENEFITS OF THE NEW MID-RANGE PLAN 1.4. PURPOSE OF THE NEW MID-RANGE PLAN 1. INTRODUCTION 1.1. THE ENHANCED STRUCTURE OF THE MID-RANGE PLAN The 2015/2016 – 2019/2020 mid-range plan presents a national direction for the coming years, derived from the vision of His Highness the Emir of Kuwait, Sheikh Sabah Al Ahmad Al Sabah. The envisioned direction sets areas of focus, and determines the plans and projects to achieve the desired state from Kuwait and its inhabitants. The structure of the 2015/2016 – 2019/2020 mid-range plan has been revised to follow a clear cascading process, from the national vision, to specific areas of focus down to supporting projects. This process will focus and unify development efforts in Kuwait towards achieving common goals that serve the greater good of the nation. The vision of His Highness the Emir is cascaded into five themes that represent a desired “end state” for Kuwait. These themes are supported by seven pillars that represent the drivers that Kuwait’s different institutions (executive, legislative, and judicial) can use to achieve them. Global indices are used to measure Kuwait’s progress to allow the comparison with other countries and remove political manipulation of data.