Kuwait Oil & Gas Q4 2019
Oil production in Kuwait will register a 0.5% contraction in 2019, as the country maintains high levels of compliance withits production quota under an ongoing OPEC-led supply restraint deal. Any uplift to production capacity in Kuwait will likely comefrom existing assets as exploration remains very limited, particularly in the offshore. The government will push towards moreexploitation of its domestic gas reserves over the coming years, amid rising demand from household consumption, powergeneration and petrochemicals production, and in a bid to conserve oil for export.
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