KPC claims capacity decline paints “an incomplete picture”
Kuwait on defensive over capacity decline
KPC chief claims remediation is just around the corner, but his assessment appears improbably upbeat
Kuwait had been formally targeting oil production capacity of 4mn bl/d by 2020—including output from the Partitioned Neutral Zone (PNZ), shared with Saudi Arabia—for over a decade. Last year, the goal was quietly put back to 2040. But, buried in the Arabic-only annual report of its domestic upstream subsidiary Kuwait Oil Company (KOC), was a revelation that output capacity had shrunk by 177,000bl/d in the 12 months to end-of-March 2021, to less than 2.63mn bl/d—c.500,000bl/d less than that stated three years earlier. Near-perfect adherence to its Opec+ cuts appears to have masked a decay in the ability to pump the nation’s economic lifeblood. Kuwait Petroleum Corporation (KPC) CEO Hashem Has
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
