Our real GDP growth forecast for Kuwait is 0.5% for 2024. Oil production has remained stable, though still above the 2.41 mb/d target at 2.52 mb/d in August. Kuwait is moving into offshore exploration. In particular, the sizeable Al-Nokhatha field discovery will improve its productive capacity substantially, in line with its 4mb/d target for 2035. Although the current OPEC projections for this year and next show slower production, the medium- and long-term forecasts are much more optimistic.