Changes

KPC purchased from Gulf Oil Co. refineries in the Netherlands and Italy and service stations in the Benelux nations, Italy, and Scandinavia. In 1987, KPC bought a 19% share in British Petroleum, which was later reduced to 10%. KPC markets its products in Europe under the brand name Q8. In 2006, KPC announced plans to participate in a joint venture to build and operate a refinery and associated petrochemical plant in China. The Government of Kuwait also signed a memorandum of agreement with the State of Louisiana in 2006 to explore the feasibility of building a refinery in the United States.  

KPC purchased from Gulf Oil Co. refineries in the Netherlands and Italy and service stations in the Benelux nations, Italy, and Scandinavia. In 1987, KPC bought a 19% share in British Petroleum, which was later reduced to 10%. KPC markets its products in Europe under the brand name Q8. In 2006, KPC announced plans to participate in a joint venture to build and operate a refinery and associated petrochemical plant in China. The Government of Kuwait also signed a memorandum of agreement with the State of Louisiana in 2006 to explore the feasibility of building a refinery in the United States.  

According to official OPEC figures, Kuwait has about 101.5 billion barrels of proven oil reserves, including the Kuwaiti share of proven reserves in the Divided Zone. This gives Kuwait the fifth-largest oil reserves in the world after Saudi Arabia, Canada, Iran, and Iraq. Estimated capacity before the occupation was about 2.4 million bpd. During the Iraqi occupation, Kuwait's oil-producing capacity was severely reduced. However, tremendous recovery and improvements have been made. Oil production was 1.5 million bpd by the end of 1992, and pre-war capacity was restored in 1993. Kuwait's production capacity is estimated to be 2.5 million bpd. Kuwait plans to increase its capacity to 3.5 million bpd by 2015 and 4.0 million bpd by 2020. Oil revenues comprise about 95% of exports and 90% of total government revenues. Kuwaiti export crude averaged about $58/barrel in 2006.  

According to official OPEC figures, Kuwait has about 101.5 billion barrels of proven oil reserves, including the Kuwaiti share of proven reserves in the Divided Zone. This gives Kuwait the fifth-largest oil reserves in the world after Saudi Arabia, Canada, Iran, and Iraq. Estimated capacity before the occupation was about 2.4 million bpd. During the Iraqi occupation, Kuwait's oil-producing capacity was severely reduced. However, tremendous recovery and improvements have been made. Oil production was 1.5 million bpd by the end of 1992, and pre-war capacity was restored in 1993. Kuwait's production capacity is estimated to be 2.5 million bpd. Kuwait plans to increase its capacity to 3.5 million bpd by 2015 and 4.0 million bpd by 2020. Oil revenues comprise about 95% of exports and 90% of total government revenues. Kuwaiti export crude averaged about $58/barrel in 2006.

 

====Social Benefits====

====Social Benefits====