Middle East Economic Survey
VOL. XLVIII
No 21
23-May-2005
KUWAIT
Kuwaits Crude Reserves Rose By 818mn Barrels In 2004-05
Kuwaits reserves of crude oil increased by 818mn barrels in FY 2004-05, according to Kuwait Oil Company (KOC) Executive Assistant Ali al-Shamri, speaking on 14 May. (The USs Energy Information Administration EIA estimates Kuwaits proven reserves at 96.5bn barrels, around 8% of the world total.) Mr Shamri said the increase in reserves in 2004-05 more or less covered the countrys...
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