Petroleum industry in Kuwait

The petroleum industry in Kuwait is the biggest industry in the country. It makes up almost half of Kuwait's money. Kuwait has a lot of oil, about 104 billion barrels, which is 9% of all the oil in the world. This makes Kuwait's oil reserves the sixth largest in the world. The Burgan Field is one of the biggest oil fields anywhere. Kuwait is also one of the top oil producers and exporters in the world.

The government of Kuwait owns the oil industry. Oil brings in a lot of money, about 43 percent of the country's GDP. Kuwait is part of a group called OPEC.

Kuwait has several important oil companies. Kuwait Petroleum Corporation sells oil around the world. Kuwait Oil Company looks for oil. Kuwait National Petroleum Company runs the places where oil is turned into other products. These companies work together to use Kuwait’s oil in many ways.

Recent exploration

On May 26, 2025, Saudi Arabia and Kuwait found oil in an area called the Partitioned Zone, near the North Wafra Wara-Burgan field. This spot is about five kilometers from the Wafra field. The well produced more than 500 barrels of oil each day. This was the first successful find since the two countries started working together again in 2020, showing their teamwork in energy.