“‘But renewables alone can’t meet the world’s growing energy needs,’ he said. Citing the International Energy Agency’s most optimistic low-carbon forecast for 2040, he pointed out that renewables – including hydro and biofuels – will only be able to meet about 30% of energy demand. ‘Oil and gas will form about half of the energy mix then. Just as they do now. So it turns out that the villains – us – will have to come to the aid of the good guys after all.

IOGP Executive Director Gordon Ballard (2018)”

— https://www.bizvibe.com/blog/top-oil-producing-countries/

The Case for Oil

March 24, 2019

Kuwait runs 10th in the world for oil production behind the number one oil producing country USA. Half of Kuwait’s GDP comes from oil making up 95% of its exports and 90% of the Government Revenue. (available at: https://www.bizvibe.com/blog/top-oil-producing-countries/ accessed 28/7/2019)

Kuwait is also investing in sustainable energybsources through the Kuwait Institute of Sustainable Research identifying that it needs to “harnessing renewable energy to fuel Kuwait's growth”.

36 wells represent less than 5% of the total number of wells of a new project underway in Kuwait.