http://www.zawya.com/middle-east/financial-markets/kuwait/en-usCopyright 2012 Zawya Ltd. All rights reserved.Mon, 13 Feb 2012 07:55:00 GMT614476http://www.zawya.com/middle-east/financial-markets/kuwait/http://www.zawya.com/images/newsletter_zawya_logo.gifhttp://www.zawya.com/story.cfm/sidpdf_130212075730/OAB_Al_Arabi_GCC_Virtual_Portfolio_13Feb12This is a PDF report. Mon, 13 Feb 2012 07:55:00 GMTOman Arab Bank SAOC pdf_130212075730Subscriptionhttp://www.zawya.com/story.cfm/sidpdf_130212070044/Markaz_Greenish_Beginning_to_the_Year__UAE_and_Saudi_lead_GCC_gains_Feb12This is a PDF report. Mon, 13 Feb 2012 06:57:00 GMTKuwait Financial Centre pdf_130212070044Subscriptionhttp://www.zawya.com/story.cfm/sidKUN0013120211113012/Kuwait_Styrene_Co_announces_99m_net_profit_for_2011The Kuwait Styrene Company (TKSC) announced, on Saturday, a net profit of USD 99 million for the fiscal year ending December 31, 2011.Sat, 11 Feb 2012 12:00:54 GMTKUNA (Kuwait News Agency) KUN0013120211113012Openhttp://www.zawya.com/story.cfm/sidpdf_100212113955/BMI_Kuwait_Oil__Gas_Report_Nov11BMI View: Kuwait - one of OPEC?s key oil producers ? will experience a relatively slow and steady rise in output. We see Kuwait producing around 3.5mn b/d by 2021, although a substantial rise in oil consumption will reduce oil availability for the export market. We see a faster increase in gas production in the second half of the coming decade, with output exceeding 20bcm by 2021. Kuwait will continue to remain a net gas importer and refined products exporter.- BMI sees Kuwaiti oil production rising from 2.5mn b/d in 2011 to 3mn b/d by 2017, and then to 3.5mn b/d by 2021.- The advance of Project Kuwait - an ambitious scheme to enable IOC upstream investment - is critical to boosting oil production, given the mature nature of the giant Burgan field.- Regulatory approval of the long-delayed al-Zour refinery and the Clean Fuels Project will allow Kuwait to significantly boost both production and exports of refined products, including lowsulphur diesel and Euro-4 gasoline.- Significant non-associated gas in the Jurassic fields in Kuwait?s north must be monetised in order to lessen dependence on gas imports, which we see continuing through to 2021. LNG imports could be supplemented by the re-activation of pipeline imports from Iraq (suspended since 1990).- We expect Kuwaiti gas production to rise from nearly 14bcm in 2011 to over 20bcm by 2021, with imports nearly doubling over the same period from an estimated 4.4bcm in 2011 to over 8.6bcm at the end of our forecast period.Kuwait?s dependence on oil prices leads to high volatility in the country?s export revenues. Our assumptions of a slower growth in China, a faltering recovery in the US and a worsening eurozone debt crisis, clearly pose a threat to global oil demand. We assume OPEC basket oil prices to fall from US$107.52 per barrel (bbl) in 2011 to US$99.38/bbl in 2012, thus creating a downside risk for Kuwait?s macroeconomic outlook.Fri, 10 Feb 2012 11:32:00 GMTBusiness Monitor International Limited pdf_100212113955Subscription