Market Size of Kuwait Oil and Gas Downstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.13 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Kuwait Oil & Gas Downstream Market Analysis
The Kuwait oil and gas downstream market is expected to grow at a CAGR of over 2.13% during the forecast period of 2020 - 2025. Factors such as increasing demand for natural gas and rising production of oil and gas in the country are expected to boost the demand for the Kuwait oil and gas downstream market during the forecast period. However, slower investments has been made in the refineries and liquified natural gas (LNG) terminals sector, is expected to hinder the growth of the market.
- The refineries in Kuwait have been stagnant in the 2017 - 2018 period. Most of the refining capacity in the country is owned, by the government-owned, Kuwait National Petroleum Company (KNPC).
- Kuwait's government-owned company is expected to invest in the exploration and production of Kuwait's oil and gas fields. It is likely that the investment would increase production and create an opportunity for cheaper oil and gas for the refineries.
- New investments are expected to be added in the refinery and petrochemical industry. The oil and gas downstream market is expected to witness growth in the forecast period
Kuwait Oil & Gas Downstream Industry Segmentation
Kuwait oil and gas downstream market report include:
| Refineries | |||||
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| Petrochemicals Plants | |||||
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Kuwait Oil and Gas Downstream Market Size Summary
The Kuwait oil and gas downstream market is poised for growth, driven by increasing demand for natural gas and rising oil and gas production within the country. Despite challenges such as slower investments in refineries and liquefied natural gas terminals, the market is expected to expand during the forecast period. The Kuwait National Petroleum Company, a government-owned entity, plays a pivotal role in this sector, operating the country's refineries and investing in exploration and production activities. These investments are anticipated to enhance production capabilities and offer cost-effective oil and gas solutions for refineries. The market's growth is further supported by new investments in the refinery and petrochemical industries, which are expected to bolster the downstream sector's capacity and efficiency.
Kuwait's strategic position as a leading crude oil exporter underscores its potential to become a significant exporter of refined oil and petroleum products. The country's refining capacity, primarily managed by the Kuwait National Petroleum Company through its Mina Abdullah and Mina Al-Ahmadi refineries, has remained stable, with plans for slight growth due to increased oil production. The downstream market is also influenced by international projects, such as the proposed petroleum refinery complex in southern Jordan, which is expected to enhance regional refining capabilities. The market is characterized by consolidation, with major players including Kuwait Oil Company, Kuwait National Petroleum Company, Petrochemicals Industry Company, Total SA, and BP PLC, all contributing to the sector's development and expansion.
Kuwait Oil and Gas Downstream Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 Refining Capacity Installed and Forecast, in thousand barrels per day, till 2025
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1.3 Recent Trends and Developments
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1.4 Government Policies and Regulations
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1.5 Market Dynamics
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1.5.1 Drivers
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1.5.2 Restraint
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1.6 Supply Chain Analysis
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1.7 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Refineries
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2.1.1 Overview
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2.1.1.1 Existing Infrastructure
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2.1.1.2 Projects in pipeline
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2.1.1.3 Upcoming projects
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2.2 Petrochemicals Plants
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2.2.1 Overview
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2.2.1.1 Existing Infrastructure
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2.2.1.2 Projects in pipeline
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2.2.1.3 Upcoming projects
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Kuwait Oil and Gas Downstream Market Size FAQs
What is the current Kuwait Oil and Gas Downstream Market size?
The Kuwait Oil and Gas Downstream Market is projected to register a CAGR of greater than 2.13% during the forecast period (2024-2029)
Who are the key players in Kuwait Oil and Gas Downstream Market?
Kuwait Oil Company, Kuwait National Petroleum Company, Petrochemicals Industry Company, BP PLC and Total SA are the major companies operating in the Kuwait Oil and Gas Downstream Market.
