Kuwait – Germany Prospects for Cooperation

World Energy Outlook – set the scene World economy will expand at an average GDP rate over 3%. Developing countries continue to expand pushed by population growth and greater economic. Energy demand will continue to grow. Meeting future demand will be a challenge. Fossil Fuels continue to play strong role within the energy mix. Energy efficiency has a fundamental role to play in the transition towards more competitive secure and sustainable energy system. Renewables will grow rapidly but from low base today. Oil supplies the largest share of total primary energy, currently accounting for 32% worldwide, will fall gradually to 28% by 2035.

Meeting Local Energy Demand Challenge in GCC Demand is rising within Gulf Countries Council region. GCC economies rely heavily on oil and gas. Burning quantities of oil for generating power is not sustainable. Green energy projects are emerging. Per capita consumption is among the highest in the world. Power capacity need to double by 2020, to meet demand. GCC need to diversify its economy to build up non-oil growth. Energy efficiency measures also reduce local power demand The financial burden on the GCC is growing. GCC plans to have renewable energy in the power demand.

Kuwait Kuwait's economy is heavily dependent on petroleum export revenues, which account for nearly 60% its gross domestic product and about 94% of export revenues. Kuwait attempts to remain one of the world's top oil producers as the country targets crude oil and condensate production of 4 million barrels per day by 2020. To diversify its oil-heavy economy, Kuwait has increased efforts to explore and develop its non associated natural gas fields, which currently make up a small portion of its natural gas production. Greater natural gas production would increase Kuwait's feedstock for its electricity sector. Kuwait has increased the share of natural gas in its primary energy consumption from 34% in 2009 to 42% in 2012.

GCC Economic Diversifications GCC are pushing forward to diversify its economy with some help from the European Union. The key objective is to help establish a process of cooperation share lessons learned build capacity around the region accelerate economic diversification efforts build resilience to deal with the negative impact of climate change and the negative impact of response measure. As such economic diversification efforts will be pursued as adaptation measures at the national level in the context of sustainable development.

Kuwait Future Plans to expand Solar Applications Kuwait has plans to build 100 solar-powered fueling stations. The 100 stations would be built in five years. The first 20 stations are expected to start operation by 2017. The Abdaliya Integrated Solar Combined Cycle Project will develop the first solar thermal power plant in Kuwait, by 2020. The plant’s utilization of solar energy will contribute to fuel saving. Kuwait Oil Company is planning to build an integrated concentrated solar power plant to produce power and steam for enhanced energy recovery.

The government of Kuwait owns and controls all development of the oil sector. The Supreme Petroleum Council (SPC) oversees Kuwait's oil sector and sets oil policy. The SPC is headed by the Prime Minister. The Kuwait Petroleum Corporation (KPC) manages domestic and foreign oil investments. The Kuwait Oil Company (KOC), the upstream subsidiary of KPC, manages all upstream development in the oil and natural gas sectors. The Kuwait National Petroleum Company (KNPC) controls the downstream sector, Petrochemical Industries Company (PIC) is in charge of the petrochemical sector. Foreign interests of KPC are handled by the Kuwait Foreign Petroleum Exploration Company (Kufpec), and international upstream development and downstream operations are controlled by Kuwait Petroleum International (KPI).

To conduct business with Kuwait, Companies need to be qualified Contractors and Companies who are interested for prequalification with Kuwait Oil Company for example , in any of the existing Categories of Works, should submit the related Pre - Qualification application(s), which can be obtained/downloaded from our website as follows:

Kuwait Balance economic growth and Climate protection Strategies to transform Kuwait include; Energy Efficiency Rationalization of consumption Value Chain Optimization crude oil expansion production Natural Gas production Expand in Solar energy application Review overall subsidy policy Ensure that future investment target reduction of emissions Invest to reduce gas flaring Invest to protect the environment Partnership with industry who owns the technology and know-how

Opportunties in the Future Future energy developments and challenges will create investment opportunities to generate energy, as well as transmitting and distributing energy besides improving the efficiency of energy use. This will stimulate various partnerships among many parties including banks and technology owners to achieve overall targets Efforts to diversify the energy mix, Kuwait is focusing on gas, and others like solar. As Kuwait grows in terms of population and industries, we will focus on most economical and environmentally friendly mix of fuels.

Kuwait Germany Bilateral Relations million Euros

Kuwait - German bilateral trade: investment, & opportunities Kuwait wants to diversify and industrialize its economy. To achieve this, Kuwait need the help of successful countries, such as Germany, and its companies. In 2013, Kuwait imported 1.3 billion euros and many German companies are contributing towards the Kuwaiti development. Renewable energy and energy efficiency are two obvious areas for partnerships. Germany is among world leaders in terms of solar, and Kuwait has a lot of sun is scope for greater cooperation. Private sector will take a role with the cooperation with international experience for deveploing renewables.