80 years of oil discovery in Kuwait

Kuwait has a crude oil supply sampled 69,000 barrels (15 km 3), estimated to be 10% of world reserves. Under the Kuwait constitution, all the country's natural resources and related revenues are government property.

Being a tax-free country, the Kuwait oil industry accounts for 80% of government revenues. Oil and Petrochemicals responsible for nearly half of GDP and 95 % of export revenues. The rise in oil prices since 2003 resulted in an increase in the economy in Kuwait.

According to data from the Energy Information Office in 2013 in Kuwait each day, about 2.8 barrels of oil have been produced. By 2020, the government aims to increase daily production to four million barrels, where it will become the world's largest producer.

Since the 1870 ' s, the biogenic or organic theory has dominated most scientists. According to this theory, the <x0 biological remains stored at the bottom of the seas break down, and after a long time they become oil and natural gas. Oil and gas then focus on the harbors of the Sedimentary rocks in the upper layers of the earth's crust”.

This process produces oil, whose primary components are hydrocarbons. However, since the 1970 ' s, this theory has been challenged by some scientists.