Oil policies of Kuwait: an outsider's interpretation

Journal Article · · J. Energy Dev.; (United States)

OSTI ID:6529099

Atta, J K

Kuwait is a leader among the Organization of Petroleum Exporting Countries (OPEC) in the move to revise concession agreements and participate fully in the production of oil. An examination of Kuwait's oil production and pricing policies shows them to be conservationist and not likely to change in the long run. This reflects Kuwait's position as a low absorber of oil revenues while having the longest lifespan among OPEC for proven reserves and the longest history of excess capacity to current production. Foreign investment revenues, however, are accelerating, and this new income as well as political forces could encourage Kuwait to sell petrochemical and refined products as part of the OPEC desire to share in downstream operations and lessen their dependence on oil exports. Or Kuwait may join Saudi Arabia in supplying residual oil for world markets. 11 references, 1 figure, 2 tables. (DCK)

• Research Organization: Univ. of Cape Coast, Ghana
• OSTI ID: 6529099
• Journal Information: J. Energy Dev.; (United States), Journal Name: J. Energy Dev.; (United States) Vol. 6:1; ISSN JENDD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300 -- Petroleum-- Drilling & Production
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
ASIA
ENERGY POLICY
ENERGY SOURCE DEVELOPMENT
ENERGY SOURCES
EXPORTS
FOSSIL FUELS
FUELS
GOVERNMENT POLICIES
INTERNATIONAL ORGANIZATIONS
KUWAIT
MARKET
MIDDLE EAST
OIL-EXPORTING COUNTRIES
OPEC
PETROLEUM