Overview:

Summary
 
 This profile is the essential source for top-level energy industry data and information. The report provides an overview of the oil industry in Kuwait. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for the industry. It also provides information relating to the oil assets (oil fields, refineries, pipelines and storage terminals) in Kuwait. The report also analyses the fiscal regime relevant to the oil assets in Kuwait and compares the investment environment in Kuwait with other countries in the region. The profiles of the major companies operating in the oil sector in Kuwait together with the latest news and deals are also included in the report.
 
 Scope
 
 - Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for the oil industry for the period 1995-2020.
 - Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Kuwait Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 for the period 1995-2020.
 - Operator and equity details for major oil assets in Kuwait Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020
 - Key information relating to market regulations, key energy assets and the key companies operating in the Kuwait Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020’s oil industry.
 - Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
 - Information on the top companies in the Kuwait Oil Markets Investment Opportunities, Market Analysis and Forecasts to 2020 including business description, strategic analysis, and financial information.
 - Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
 - Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.
 
 Reasons to buy
 
 - Gain a strong understanding of the country’s energy market.
 - Facilitate market analysis and forecasting of future industry trends.
 - Evaluate the attractiveness of the geography for oil investment in the light of government policies and the fiscal environment.
 - Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
 - Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream oil assets.
 - Assess your competitor’s major crude oil assets and their performance.
 - Analyze the latest news and financial deals in the oil sector of each country.
 - Develop strategies based on the latest operational, financial, and regulatory events.
 - Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
 - Identify and analyze the strengths and weaknesses of the leading companies in the country.

 1 Table of Contents 2
 1.1 List of Tables 8
 1.2 List of Figures 10
 2 Kuwait Energy sector 11
 2.1 Kuwait Energy sector, Market Overview 11
 2.2 Kuwait Energy sector, Crude Oil 12
 2.2.1 Kuwait Crude Oil, Overview 12
 2.2.2 Kuwait Crude Oil, Supply and Demand Balance 12
 2.2.3 Kuwait Crude Oil, Regulatory Structure 18
 2.2.4 Kuwait Crude Oil, Infrastructure 18
 3 Kuwait Oil Upstream Investment Environment Benchmarking 20
 3.1 Introduction 20
 3.2 The Overall Ranking 20
 3.3 Upstream Fiscal Attractiveness 20
 3.4 Oil Sector Performance 22
 3.4.1 Exploration Activity 24
 3.4.2 Oil Production 25
 3.4.3 Oil Reserves 25
 3.4.4 Oil Consumption 25
 3.4.5 Refining Industry 26
 3.5 Economic Performance 26
 3.5.1 GDP Growth Index 28
 3.5.2 FDI Confidence Index 28
 3.5.3 Balance of Trade Index 29
 3.6 Socio-Political Performance 29
 3.6.1 Democracy Index 31
 3.6.2 Governance Index 31
 4 Kuwait Exploration and Production Sector 32
 4.1 Kuwait Exploration and Production Sector, Country Snapshot 32
 4.1.1 Kuwait Exploration and Production Sector, Key Data 32
 4.1.2 Kuwait Exploration and Production Sector, Crude Oil Assets Map 32
 4.2 Kuwait Exploration and Production Sector, Gross Crude Oil Production 33
 4.2.1 Kuwait Exploration and Production Sector, Gross Crude Oil-Historical Production 33
 4.2.2 Kuwait Exploration and Production Sector, Gross Crude Oil Production by Assets 34
 4.2.3 Kuwait Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 34
 4.2.4 Kuwait Exploration and Production Oil Sector, Market Share (%) based on Gross Equity Weighted Crude Oil Production 35
 4.3 Kuwait Exploration and Production Sector, Gross Crude Oil Forecasts 36
 4.3.1 Kuwait Exploration and Production Sector, Gross Crude Oil Forecasted Production 36
 4.4 Kuwait Exploration And Production Sector, Crude Oil Asset Details 37
 5 Kuwait Pipeline Sector 38
 5.1 Kuwait Pipeline Sector, Key Data 38
 5.2 Kuwait Pipeline Sector, an Overview 38
 5.3 Kuwait Pipeline Sector, Comparision of Key Crude Oil Pipeline Companies 38
 5.4 Kuwait Pipeline Sector, Comparision of Key Petroleum Product Pipeline Companies 39
 5.5 Kuwait Pipeline Sector, Crude Oil Pipelines 40
 5.6 Kuwait Pipeline Sector, Petroleum Product Pipelines 40
 6 Kuwait Refining Sector 41
 6.1 Kuwait Refining Sector, Key Data 41
 6.2 Kuwait Refining Sector, An Overview 41
 6.2.1 Kuwait Refining Sector, Total Refining Capacity 41
 6.3 Kuwait Refining Sector, Capacity- Wise Market Share by Company 42
 6.4 Kuwait Refining Sector, Crude Distillation Unit Capacity 43
 6.5 Kuwait Refining Sector, Coking Capacity 43
 6.6 Kuwait Refining Sector, Fluid Catalytic Cracking Capacity 44
 6.7 Kuwait Refining Sector, Hydrocracking Capacity 44
 7 Kuwait Oil and Chemicals Storage Sector 45
 7.1 Kuwait Oil and Chemicals Storage Sector, Key Data 45
 7.2 Kuwait Oil and Chemicals Storage Sector, An Overview 45
 7.2.1 Kuwait Oil and Chemicals Storage Sector, Total Storage Capacity 45
 7.3 Kuwait Oil and Chemicals Storage Sector, Capacity-Wise Market Share By Company 46
 7.4 Kuwait Oil and Chemicals Storage Sector, Storage Capacity 47
 8 Profile of Chevron Corporation 48
 8.1 Chevron Corporation, Key Information 48
 8.2 Chevron Corporation, Company Overview 48
 8.3 Chevron Corporation, Business Description 48
 8.3.1 Chevron Corporation, Business Description, Overview 48
 8.3.2 Chevron Corporation, Business Description, Chemicals 49
 8.3.3 Chevron Corporation, Business Description, Downstream Segment 50
 8.3.4 Chevron Corporation, Business Description, Others Segment 51
 8.3.5 Chevron Corporation, Business Description, Upstream Segment 52
 8.4 Chevron Corporation, Value Chain Analysis 54
 8.4.1 Chevron Corporation, Value Chain Analysis, Upstream 54
 8.4.2 Chevron Corporation, Value Chain Analysis, Midstream 55
 8.4.3 Chevron Corporation, Value Chain Analysis, Retail 56
 8.4.4 Chevron Corporation, Value Chain Analysis, Power Generation 57
 8.4.5 Chevron Corporation, Value Chain Analysis, Transformation 57
 8.5 Chevron Corporation, SWOT Analysis 58
 8.5.1 Chevron Corporation, SWOT Analysis, Overview 58
 8.5.2 Chevron Corporation, SWOT Analysis, Strengths 59
 8.5.3 Chevron Corporation, SWOT Analysis, Weaknesses 60
 8.5.4 Chevron Corporation, SWOT Analysis, Opportunities 61
 8.5.5 Chevron Corporation, SWOT Analysis, Threats 62
 8.6 Chevron Corporation, Revenue Analysis 63
 8.6.1 Chevron Corporation, Revenue by Segment 63
 8.6.2 Chevron Corporation, Revenue by Geography 64
 8.7 Chevron Corporation, Financial and Operational Review 65
 8.7.1 Financial Statements 65
 8.7.2 Financial Ratios 66
 9 Profile of Exxon Mobil Corporation 67
 9.1 Exxon Mobil Corporation, Key Information 67
 9.2 Exxon Mobil Corporation, Company Overview 67
 9.3 Exxon Mobil Corporation, Business Description 67
 9.3.1 Exxon Mobil Corporation, Business Description, Overview 67
 9.3.2 Exxon Mobil Corporation, Business Description, Chemical 67
 9.3.3 Exxon Mobil Corporation, Business Description, Downstream 69
 9.3.4 Exxon Mobil Corporation, Business Description, Upstream 70
 9.4 Exxon Mobil Corporation, Value Chain Analysis 73
 9.4.1 Exxon Mobil Corporation, Value Chain Analysis, Upstream 73
 9.4.2 Exxon Mobil Corporation, Value Chain Analysis, Midstream 74
 9.4.3 Exxon Mobil Corporation, Value Chain Analysis, Downstream 75
 9.4.4 Exxon Mobil Corporation, Value Chain Analysis, Retail 75
 9.5 Exxon Mobil Corporation, SWOT Analysis 75
 9.5.1 Exxon Mobil Corporation, SWOT Analysis, Overview 75
 9.5.2 Exxon Mobil Corporation, SWOT Analysis, Strengths 76
 9.5.3 Exxon Mobil Corporation, SWOT Analysis, Weaknesses 78
 9.5.4 Exxon Mobil Corporation, SWOT Analysis, Opportunities 79
 9.5.5 Exxon Mobil Corporation, SWOT Analysis, Threats 81
 9.6 Exxon Mobil Corporation, Revenue Analysis 82
 9.6.1 Exxon Mobil Corporation, Revenue by Segment 83
 9.6.2 Exxon Mobil Corporation, Revenue by Geography 83
 9.7 Exxon Mobil Corporation, Financial and Operational Review 85
 9.7.1 Financial Statements 85
 9.7.2 Financial Ratios 86
 10 Profile of Sonatrach 87
 10.1 Sonatrach, Key Information 87
 10.2 Sonatrach, Company Overview 87
 10.3 Sonatrach, Business Description 87
 10.3.1 Sonatrach, Business Description, Business Overview 87
 10.3.2 Sonatrach, Business Description, Downstream 87
 10.3.3 Sonatrach, Business Description, Marketing 88
 10.3.4 Sonatrach, Business Description, Marketing 89
 10.3.5 Sonatrach, Business Description, Pipeline Transportation 90
 10.3.6 Sonatrach, Business Description, Upstream 90
 10.4 Sonatrach, Value Chain Analysis 93
 10.4.1 Sonatrach, Value Chain Analysis, Upstream 93
 10.4.2 Sonatrach, Value Chain Analysis, Midstream 94
 10.4.3 Sonatrach, Value Chain Analysis, Downstream 94
 10.4.4 Sonatrach, Value Chain Analysis, Retail 95
 10.5 Sonatrach, SWOT Analysis 95
 10.5.1 Sonatrach, SWOT Analysis, Overview 95
 10.5.2 Sonatrach, SWOT Analysis, Strengths 96
 10.5.3 Sonatrach, SWOT Analysis, Weaknesses 97
 10.5.4 Sonatrach, SWOT Analysis, Opportunities 97
 10.5.5 Sonatrach, SWOT Analysis, Threats 98
 10.6 Sonatrach, Financial and Operational Review 99
 10.6.1 Financial Statements 99
 10.7 Financial Ratios 100
 11 Financial Deals Landscape 101
 11.1 Detailed Deal Summary 101
 11.1.1 Private Equity 101
 11.1.2 Partnerships 102
 11.1.3 Asset Transactions 103
 12 Recent Developments 105
 12.1 License Awards 105
 12.1.1 Sep 09, 2008: Chevron Receives Saudi's Approval To Extend Oil Concession In Neutral Zone 105
 12.1.2 May 26, 2008: KUFPEC Wins Approval From Government Of Indonesia For Development Of Three New Gasfields In NSBA 105
 12.1.3 Apr 15, 2008: OMV, DNO Amongst Companies In Yemen Oil PSAs 105
 12.2 Strategy and Business Expansion 106
 12.2.1 Mar 25, 2009: Kuwait To Proceed With $15 Billion Zour Oil Refinery 106
 12.2.2 Mar 23, 2009: JGC Announces Termination Of EPC Contract With Kuwait Refinery Project 106
 12.2.3 Oct 29, 2008: KOC Plans To Produce Gas From North And East Areas Of Kuwait 106
 12.2.4 Oct 14, 2008: KPC To Build Fourth Oil Refinery Project In Kuwait 107
 12.2.5 Jul 17, 2008: Pertamina To Join Kuwaiti Investors To Construct Oil Refinery 107
 12.2.6 Jun 16, 2008: KOC To Triple Output At Its Gas Fields 107
 12.2.7 Jun 12, 2008: KUFPEC To Boost Its Oil Output By 2020 108
 12.2.8 May 19, 2008: Kuwait Looks To Enhance Oil And Gas Production 108
 12.2.9 Apr 24, 2008: KPC To Raise Crude Oil Exports To China, Invest In Sinochem Plant 110
 12.3 Recent Discoveries 110
 12.3.1 Jun 30, 2008: GPI Hits Crude Oil In Indonesia 110
 12.4 Drilling and Production Updates 111
 12.4.1 Aug 25, 2008: Kuwait To Pump 3 Million Bpd In 1H 2009 111
 12.4.2 Jul 09, 2008: Tap Updates On Marley-2 Exploration Well, TL/5 112
 12.4.3 Jul 02, 2008: Tap Oil Updates On Marley-2 Well 113
 12.4.4 May 27, 2008: KUFPEC To Raise Its Output To 114,000 Barrels Per Day By 2010 114
 12.5 Financial Announcements 114
 12.5.1 May 26, 2008: KUFPEC Reports Q1 2008 Results 114
 12.6 Other Significant Developments 115
 12.6.1 Mar 30, 2009: Kuwait To Boost Oil Production In 2010 115
 12.6.2 Mar 15, 2009: Kuwait To Cancel $15 Billion Worth Oil Refinery Project 116
 12.6.3 Mar 11, 2009: Kuwait To Pump Up Crude Volume By 2010 116
 12.6.4 Mar 11, 2009: KPC To Invest $80 Billion To Raise Production And Refining Capacity 116
 12.6.5 Mar 10, 2009: KPC Not To Reduce Refinery Output 117
 12.6.6 Mar 02, 2009: Kuwait Oil Repairs Oil Pipeline Leak In Kuwait 117
 12.6.7 Feb 23, 2009: Qatar To Supply 1.6 Million Tonnes Of LNG To Kuwait In 2009 117
 12.6.8 Feb 22, 2009: Kuwait To Continue Developing Gas Resources Despite Political Deadlock 119
 12.6.9 Jan 12, 2009: KOC To Continue Gas Projects Despite Fall In Oil Prices And Financial Crisis 120
 12.7 New Contracts Announcements 121
 12.7.1 Jun 25, 2008: Saipem Wins EUR580 Million Worth Two Onshore Contracts In Kuwait And Angola 121
 12.7.2 May 08, 2008: Excelerate Wins $150 Million Contract From Kuwait 122
 12.7.3 Apr 20, 2008: KPC To Award Refinery Construction Contracts By April 30, 2008 122
 13 Appendix 123
 13.1 Methodology 123
 13.1.1 Coverage 123
 13.1.2 Secondary Research 124
 13.1.3 Primary Research 124
 13.1.4 E&P Forecasts 125
 13.1.5 Midstream Forecasts 126
 13.1.6 Expert Panel Validation 126
 13.2 Contact Us 127
 13.3 About GlobalData 127
 13.4 Disclaimer 127
 
 1.1 List of Tables
 Table 1: Kuwait, Historical and Forecasted Production and Consumption of Crude Oil, 1996-2020 13
 Table 2: Kuwait, Historical and Forecasted Exports of Crude Oil, 1996-2020 15
 Table 3: Kuwait, Historical Reserves of Crude Oil, 1996-2008 17
 Table 4: Middle East, Investment Benchmarking, Overall Country Rankings, 2008 20
 Table 5: Middle East, Investment Benchmarking, Oil Sector Performance, 2008 22
 Table 6: Middle East, Investment Benchmarking, Economic Performance, 2008 27
 Table 7: Middle East, Country Standings, Economic Performance, 2008 27
 Table 8: Middle East, Investment Benchmarking, Socio-Political Performance, 2008 29
 Table 9: Middle East, Country Standings, Socio-Political Performance, 2008 30
 Table 10: Kuwait, Crude Oil Key Statistics, 2008 32
 Table 11: Kuwait, Total Gross Crude Oil Production (MMBBLs), 2001-2008 33
 Table 12: Kuwait, Gross Crude Oil Production (MMBBLs), by Assets, 2001-2008 34
 Table 13: Kuwait, Gross Equity Weighted Crude Oil Production (MMBBLs), by Company, 2001-2008 34
 Table 14: Kuwait, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2001-2008 35
 Table 15: Kuwait, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2009-2014 36
 Table 16: Kuwait, Active Oil Field Assets Details 37
 Table 17: Kuwait, Pipeline Key Statistics, 2008 38
 Table 18: Kuwait , Crude Oil Pipeline Length by Company (Km), 2008 38
 Table 19: Kuwait , Petroleum Product Pipeline Length by Company (Km), 2008 39
 Table 20: Kuwait, Crude Oil Pipelines, 2008 40
 Table 21: Kuwait, Petroleum Product Pipelines, 2008 40
 Table 22: Kuwait, Refinery Key Statistics, 2008 41
 Table 23: Kuwait, Total Refining Capacity (MMTPA), 2000- 2013 41
 Table 24: Kuwait, Refining Capacity Company-wise (MMTPA), 2000-2013 42
 Table 25: Kuwait, Crude Distillation Unit Capacity (MMTPA), 2000-2013 43
 Table 26: Kuwait, Coking Unit Capacity (MMTPA), 2000-2013 43
 Table 27: Kuwait, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2013 44
 Table 28: Kuwait, Hydrocracking Unit Capacity (MMTPA), 2000-2013 44
 Table 29: Kuwait, Oil Storage Key Statistics, 2008 45
 Table 30: Kuwait , Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 45
 Table 31: Kuwait , Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 46
 Table 32: Kuwait, Storage Capacity (Thousand M3), 2000-2013 47
 Table 33: Chevron Corporation, Key Facts 48
 Table 34: Chevron Corporation, SWOT Analysis 59
 Table 35: Chevron Corporation, Revenue by Segment, USD Million, 2003-2007 64
 Table 36: Chevron Corporation, Revenue by Geography, USD Million, 2003-2007 64
 Table 37: Chevron Corporation, Financial Statements, USD Million, 2003-2007 65
 Table 38: Chevron Corporation, Financial Ratios, USD Million, 2003-2007 66
 Table 39: Exxon Mobil Corporation, Key Facts 67
 Table 40: Exxon Mobil Corporation, SWOT Analysis 76
 Table 41: Exxon Mobil Corporation, Revenue by Segment, USD Million, 2003-2007 83
 Table 42: Exxon Mobil Corporation, Revenue by Geography, USD Million, 2003-2007 84
 Table 43: Exxon Mobil Corporation, Financial Statements, USD Million, 2003-2007 85
 Table 44: Exxon Mobil Corporation, Financial Ratios, USD Million, 2003-2007 86
 Table 45: Sonatrach, Key Facts 87
 Table 46: Sonatrach, SWOT Analysis 96
 Table 47: Sonatrach, Financial Statements, Algerian Dinar Million, 2003-2007 99
 Table 48: Sonatrach, Financial Ratios, Algerian Dinar Million, 2003-2007 100
 Table 49: Millenium Invests $25 Million In Kuwait Energy 101
 Table 50: CDI Forms Joint Venture With Emtiaz Engineering 102
 Table 51: ONGC Videsh To Acquire Oil Block In Iraq 103
 Table 52: KUFPEC Acquires 27% Participating Interest In Block Marine IX 104
 
 1.2 List of Figures
 Figure 1: Kuwait, Energy Sector Break-Up, 2008 11
 Figure 2: Kuwait, Crude Oil Production And Consumption (Thousand Barrels Per Day), 1996-2020 14
 Figure 3: Kuwait, Crude Oil Exports (Thousand Barrels Per Day), 1996-2020 16
 Figure 4: Kuwait, Crude Oil Reserves (Million Barrels), 1996-2008 18
 Figure 5: Middle East, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, 2008 23
 Figure 6: Middle East, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, 2008 24
 Figure 7: Middle East, Country Standings, Exploration Blocks Awarded, 2008 25
 Figure 8: Middle East, Country Standings, Economic Performance, 2008 28
 Figure 9: Middle East, Country Standings, Socio-Political Performance, 2008 30
 Figure 10: Kuwait, Crude Oil Assets Map, 2008 32
 Figure 11: Kuwait, Total Gross Crude Oil Production (MMBBLs), 2001-2008 33
 Figure 12: Kuwait, Gross Equity Weighted Crude Oil Production (MMBBLs),by Company, 2001-2008 35
 Figure 13: Kuwait, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2008 36
 Figure 14: Kuwait , Crude Oil Pipeline Length by Company (Km), 2008 39
 Figure 15: Kuwait, Total Refining Capacity (MMTPA), 2000- 2013 42
 Figure 16: Kuwait , Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 46
 Figure 17: Kuwait , Oil and Chemicals Storage Capacity Company-wise (Thousand M3), 2000-2013 47
 Figure 18: Chevron Corporation, Value Chain Analysis 54
 Figure 19: Exxon Mobil Corporation, Value Chain Analysis 73
 Figure 20: Sonatrach, Value Chain Analysis 93
 Figure 21: GlobalData Methodology 123