Another political false start in Kuwait
The opportunity offered by high oil prices to expand static oil and gas capacity is being squandered
Hopes that early elections in Kuwait in late September would draw a line under almost two years of gridlock between the executive and a particularly difficult parliament proved short-lived, with the poll delivering a thumping victory for the opposition. However, the new government collapsed within hours over Prime Minister Sheikh Ahmed Nawaf al-Ahmad al-Sabah’s unfathomable decision to reappoint mostly the same ministers who had clashed so bitterly with MPs during the previous session. The prospect of another period of tension between the two government branches bodes ill for the country’s bedrock hydrocarbons sector, afflicted as it is by stagnating oil production and rapidly rising gas imp
Also in this section
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them
22 April 2024
Beijing’s renewed targeting of NOC management could threaten investment