Kuwait to reform power sector to cut crude consumption

摘要

The Kuwaiti government will increase power and water rates as part of its wider efforts to address rising domestic crude oil consumption, the minister of electricity and water said Wednesday. Domestic crude consumption for power generation accounted for 340,000 b/d in 2015, around 11% of Kuwait’s total crude output, the minister said, adding the figure will “gradually rise.” “In the absence of levying higher fees and rationalizing consumption, we could burn up to 1 million b/d by 2035,” he added.