AGP Executive Report
Last update: 9 hours agoOPEC+ Watch: OPEC+ is set to agree another August output increase of about 188,000 bpd as Strait of Hormuz shipping gradually reopens, with Gulf producers restoring supply after months of disruption. Kuwait Energy & Industry: SLB will build a new technology facility in Kuwait under KOC’s Ahmadi Innovation Valley, aiming to scale oilfield R&D and digital innovation from 2026 to 2028. Kuwait Oil Sector Governance: Kuwait’s new KPC Decree-Law No. 67 of 2026 is expected to reshape contracting rules, including a ban on local/commission agents in future KPC contracts, while keeping oversight via post-audit. Local Housing Pressure: Kuwait’s housing delays and plot scarcity are pushing prices higher, with citizens reportedly waiting over a decade for government housing. Environment & Waste: Kuwait steps up its plastic pollution campaign with awareness drives and partnerships, targeting single-use plastics and marine ecosystem risks. Cost of Living: Kuwait’s 2026/27 budget keeps subsidies for basic commodities and ration-card support to ease living costs. Regional Diplomacy: India’s EAM S. Jaishankar begins a six-nation tour including Kuwait, focusing on Gulf ties, energy security, and regional stability.
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