With a new oil minister and big production plans there are high hopes for Kuwait’s oil and gas industry. Despite difficulties faced during the pandemic, Kuwait has rebounded and expects to continue increasing its oil high output for so long as global demand remains strong. But to stay competitive in the region and ensure its economic stability, Kuwait must introduce reforms that support economic diversification to decrease its reliance on oil revenues alone. A new government was voted into office in Kuwait this month, the fifth in less…
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