• Home
  • Kuwait nears maximum oil production, with politics, technical challenges stunting growth
Kuwait is close to exhausting its production capacity, capping its ability to bring on more crude oil supplies to meet elevated global demand. This comes as OPEC faces pressure from its key customers for price relief. Due to the bureaucratic challenges, the aging oil fields within Kuwait require foreign consultations which will allow there to be improvements in oil production and decrease technical challenges facing the country which has yet to be achieved.

Kuwait nears maximum oil production, with politics, technical challenges stunting growth

Kuwait is close to exhausting its production capacity, capping its ability to bring on more crude oil supplies to meet elevated global demand. This comes as OPEC faces pressure from its key customers for price relief. Due to the bureaucratic challenges, the aging oil fields within Kuwait require foreign consultations which will allow there to be improvements in oil production and decrease technical challenges facing the country which has yet to be achieved.

Issue:
Country:
Subscribe to Receive Latest Updates from GIF.