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Kuwait's oil production plans in confusion
Publication year - 2006
Publication title -
oil and energy trends
Language(s) - English
Resource type - Journals
eISSN - 1744-7992
pISSN - 0950-1045
DOI - 10.1111/j.1744-7992.2006.310703.x
Subject(s) - confusion , criticism , production (economics) , oil production , political science , set (abstract data type) , business , economics , law , engineering , computer science , psychology , petroleum engineering , psychoanalysis , macroeconomics , programming language
Kuwait is debating ambitious plans to increase its oil production by over 60% between now and 2020, to 3.7 mn bpd. The fate of the proposals, however, is far from clear. There has been widespread criticism of various aspects of the whole scheme, including what, if any, role should be played by foreign oil companies, and even whether Kuwait possesses the reserves to enable it to reach its ambitious target. Many of the criticisms were aired in the emirate's elections in June and the arguments look set to continue, delaying plans which are already, in some cases, several years old.