Wednesday, 30 January 2013

Kuwait Oil and Gas Market Report Q1 2013

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Kuwait Oil and Gas Report Q1 2013
Jan 30th 2013, 00:00

BMI View: Kuwait is set to experience a steady rise in oil output, reaching 3.6mn barrels per day (b/d) bythe end of our forecast period in 2021, largely on the back from increased recovery from existing fields.However, over the same period, rising consumption will limit some of the gains in overall output. This isparticularly true in the case of gas production, where despite an increase in domestic production to some19.3bn cubic metres (bcm) by 2021, Kuwait will remain a net importer of gas as consumption continues torise.We highlight the following trends and developments in Kuwait''s oil & gas sector:? BMI forecasts Kuwaiti oil production to rise from an estima...

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