PUBLICATION
Oil and Gas Investor
Kuwait Oil & Gas 2005 OGI Release
June 04, 2005
Wedged between Iraq, Saudi Arabia and looking out over the Persian Gulf, the territory of Kuwait is tiny. Its landmass of 17,820 square kilometers is just 3% that of Texas and its population of 2.3 million is a half-million fewer than that of Chicago. Its importance in the energy world is as big as that of Texas, nonetheless. Kuwait remains one of the epicenters of the global hydrocarbon industry, producing 2.4 million barrels of oil per day and holding 99 billion barrels (or 9%) of the world’s proven reserves.
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"Zambia indeed deterred many investors due to multiple policy shifts in the mining tax regime that showed no consistency. However, since 2021 and with a new government in place, we have seen more stability as well as investor-friendly policies."
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