| Chief of State |
Amir Sabah al-Ahmad al-Jabir al-Sabah (since 29 January 2006) |
| Head of Government |
Prime Minister NASIR al-Muhammad al-Ahmad al-Sabah (since 7 February 2006) |
| Location |
Middle East, bordering the Persian Gulf, between Iraq and Saudi Arabia |
| Independence |
19 June 1961 (from UK) |
| Population (2005E) |
2,335,648 note: includes 1,291,354 non-nationals |
|
| Minister of Finance |
Badr Mishari al-Humaydi |
| Currency/Exchange Rate (October 3, 2006) |
1 Kuwaiti Dinar (KWD) = 3.44009 US Dollar |
| Inflation Rate (2005E) |
4.1% |
| Gross Domestic Product (2005E) |
$52.7 billion |
| Real GDP Growth Rate (2005E) |
4.8% |
| Unemployment Rate (2004E) |
2.2% |
| External Debt (2005E) |
$16.2 billion |
| Exports (2005E) |
$44.43 billion |
| Exports - Commodities |
oil and refined products, fertilizers |
| Exports - Partners (2004E) |
Japan 22.6%, US 13.4%, South Korea 13.4%, Singapore 12.4%, Taiwan 8.4%, Netherlands 4.1% |
| Imports (2005E) |
$12.23 billion |
| Imports - Commodities |
food, construction materials, vehicles and parts, clothing |
| Imports - Partners (2004E) |
US 13.1%, Germany 12.7%, Japan 8.2%, China 5.9%, Italy 5.4%, UK 5.4%, Saudi Arabia 4.7%, France 4.6% |
| Current Account Balance (2005E) |
$26.92 billion |
|
| Minister of Energy and Oil |
Ali al-Jarrah al-Sabah |
| Proven Oil Reserves (January 1, 2006E) |
101.5 billion barrels |
| Oil Production (2006E) |
2,682.6 thousand barrels per day, of which 95% was crude oil. |
| Oil Consumption (2005E) |
405 thousand barrels per day |
| Crude Oil Distillation Capacity (2006E) |
936 thousand barrels per day |
| Proven Natural Gas Reserves (January 1, 2006E) |
56 trillion cubic feet |
| Natural Gas Production (2004E) |
.396 trillion cubic feet |
| Natural Gas Consumption (2004E) |
.342 trillion cubic feet |
| Recoverable Coal Reserves (2003E) |
None |
| Coal Production (2004E) |
None |
| Coal Consumption (2004E) |
None |
| Electricity Installed Capacity (2004E) |
9.4 gigawatts |
| Electricity Production (2004E) |
40.4 billion kilowatt hours |
| Electricity Consumption (2004E) |
37.5 billion kilowatt hours |
| Total Energy Consumption (2004E) |
1.1 quadrillion Btus*, of which Oil (66%), Natural Gas (34%), Coal (0%), Nuclear (0%), Hydroelectricity (0%), Other Renewables (0%) |
| Total Per Capita Energy Consumption (2003E) |
372.3 million Btus |
| Energy Intensity (2004E) |
38,202.7 Btu per $2000-PPP** |
|
| Energy-Related Carbon Dioxide Emissions (2003E) |
58.4 million metric tons, of which Oil (70%), Natural Gas (27%), Coal (0%) |
| Per-Capita, Energy-Related Carbon Dioxide Emissions (2003E) |
23.2 metric tons |
| Carbon Dioxide Intensity (2004E) |
2.5 Metric tons per thousand $2000-PPP** |
| Environmental Issues |
limited natural fresh water resources; some of world's largest and most sophisticated desalination facilities provide much of the water; air and water pollution; desertification |
| Major Environmental Agreements |
party to: Biodiversity, Climate Change, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Ozone Layer Protection signed, but not ratified: Marine Dumping |
|
| Organization |
The Supreme Petroleum Council governs the nationalized oil industry, which is run by Kuwait Petroleum Corporation (KPC). KPC subsidiaries include: Kuwait Oil Company (KOC) - exploration and production of oil and gas; Kuwait National Petroleum Company (KNPC) - refining and shipping; Kuwait Petroleum International (KPI) - refining and product marketing; Petrochemical Industries Company (PIC) - production and marketing of chemical products; Kuwait Foreign Petroleum Exploration Company (KUFPEC) - foreign exploration; and Kuwait Oil Tanker Corporation (KOTC) - tanker operations. |
| Major Oil Terminals |
Mina Al-Ahmadi, Mina Abdullah, Shuaiba, Mina Saud |
| Foreign Company Involvement |
BP, Chevron, Total, ExxonMobil, Shell, Arabian Oil Company, Parsons Corp., Fluor Corp. |
| Major Oil Fields (reserves, billion barrels) |
Greater Burgan -- Burgan, Magwa, and Ahmadi (55); Raudhatain (5.1); Sabriya (4.3); Minagish (3.3); Abdali; Rugei; Bahra; Neutral Zone: Al-Hout and Khafji (6.3); Wafra (2); South Fawaris; Umm Gudair |
| Major Pipelines (capacity, Mmcf/d) |
Raudhatain-Ahmadi; Minagish-Ahmadi; Umm Gudair-Shuaiba; Wafra-Mina Abdullah; Burgan-Ahmadi |
| Major Refineries (capacity, bbl/d) |
Mina Al-Ahmadi (442,700 bbl/d), Mina Abdullah (256,500), Shuaiba (190,000) |
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* The total energy consumption statistic includes petroleum, dry natural gas, coal, net hydro, nuclear, geothermal, solar, wind, wood and waste electric power. The renewable energy consumption statistic is based on International Energy Agency (IEA) data and includes hydropower, solar, wind, tide, geothermal, solid biomass and animal products, biomass gas and liquids, industrial and municipal wastes. Sectoral shares of energy consumption and carbon emissions are also based on IEA data.
**GDP figures from OECD estimates based on purchasing power parity (PPP) exchange rates.
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