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...