Kuwait is spending over $500bn over the course of the next few years as it aims to boost its crude oil production capacity.
Kuwait has $62bn worth of Oil & Gas projects currently under production out of a total of $140.9bn.
Kuwait has approximately $337.7bn worth of construction projects, as of June 2019.
A core component of KPC’s 2040 strategic blueprint is to augment the country’s refining capacity to 1.4 million barrels a day by 2020.
Kuwait’s estimated $35bn - worth of refining and petrochemicals projects that are central to the country’s ambition to position itself as a dominant downstream oil and gas stakeholder in the Middle East and North Africa energy sector.
Kuwait’s development plan includes 20 large projects worth nearly $71.6 bn.
Kuwait’s massive hydrocarbon sector has the lion’s share of those projects with a value of $39.3 bn, accounting for nearly 55% of the total
Notable sessions at the Kuwait Downstream Summit
Growing Kuwait’s downstream footprint
KNPC’s strategy for 2040
Sustainability measures undertaken by the energy industry
The impact of the 4th Industrial Revolution on the downstream sector
The future of refineries
Energy economics: Forecasts and trends in global oil markets
Health safety and environment