Kuwait

OPEC

Middle East

Production

2.6M bbl/d

Imports

96.3K bbl/d

Exports

2.3M bbl/d

Net Balance

2.2M bbl/d

Net exporter

Consumption by Product

2022 · thousand bpd

Petrol27.0%

Diesel22.5%

Kerosene1.1%

Jet Fuel13.5%

LPG6.7%

Fuel Oil18.0%

Other11.2%

Proven Oil Reserves

101.5B

barrels (proven)

~108 yrs

at current production

Abundant

050 yrs100+ yrs

Proven reserves = crude oil in the ground. Many countries import most of their refined fuel (petrol, diesel, jet fuel), so high reserves don't guarantee fuel supply security.

Production Trend

Price History

Refinery Capacity

Capacity

900 bbl/d

Throughput

800 bbl/d

Utilization

88.9%

Geopolitical Context

OPEC Member

Production quota: 2418K bbl/day

OPEC founding member. Operates Neutral Zone jointly with Saudi Arabia.

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