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( Oil industry of Kuwait)
Kuwait's oil industry is the largest industry in the country, accounting nearly half of the country's GDP. Kuwait has a proven crude oil reserves of 104 billion barrels (15 km³)[1], estimated to be 10% of the world's reserves. Kuwait's oil reserves are the fourth largest in the world and the Burgan Field is the second largest oil field. Kuwait is the world's eleventh largest oil producer and seventh largest exporter.[2] Kuwait's oil production accounts for 7% of world-wide oil production.[3] Since the government of Kuwait owns the oil industry, it controls most of the country's economy; in all, about 75 percent of the GDP. Kuwait’s oil exports vary depending on internal needs – almost all of Kuwait’s energy is derived from oil – and on international demand and prices and production quotas fixed by the Organization of Petroleum Exporting Countries (OPEC), of which Kuwait is a member. OPEC’s quotas, however, are difficult to enforce, and Kuwait and other countries have been accused of violating them. In 2005, oil production was 2.418 million bbl/day (2005 est).[4] Kuwait's chief oil companies are name="References" id="References">
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Oil industry of Kuwait Subcategories
Oil industry of Kuwait Articles
Cut The Fat With Fish. Omega 3 Makes A Major Play In The Weight Loss Industry. by Susan Richardson
You’ve heard it all before. The industry is huge, and everybody has their own little “catch line”. The definition on those catch lines all point to the same page in the weight loss dictionary - eat less calories, do less fat, loss more weight. ...
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