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Kuwait's ports have struggled to recover the volumes they enjoyed prior to the global economicdownturn, but BMI expects that growth will continue over the medium term. If there are continued instancesof industrial unrest and strikes, however, as Kuwait's ports have struggled with since the Arab Spring of2011, then we may have to revise our forecasts down. The air freight sector was also hit in 2011, withvolumes falling, and we estimate that 2012 also saw a decline. In 2013 we forecast that air freight cargo atKuwait International Airport will return to growth, albeit at a sedate pace over our forecast period.What continues to bode well for Kuwait's freight transport is our macroeconomic outlook for the country.Oil prices remain elevated, and this is translating into spending by the Kuwaiti government and greaterwealth among the populous. This is attracting logistics companies to add services to the country. Kuwaitilogistics company Agility continues to develop rapidly.
Industry View 7SWOT 9Industry Forecast 10Table: Upstream Projects 10Oil And Gas Reserves 11Table: Libya Proven Oil & Gas Reserves And Total Petroleum Data, 2011-2016 11Table: Libya Proven Oil & Gas Reserves And Total Petroleum Data, 2017-2022 12Table: Test Results From Discoveries In The Sirte Basin 13Oil Supply And Demand 15Table: Libya Oil Production, Consumption And Net Exports, 2011-2016 15Table: Libya Oil Production, Consumption And Net Exports, 2017-2022 16Gas Supply And Demand 19Table: Libya Gas Production, Consumption And Net Exports, 2011-2016 19Table: Libya Gas Production, Consumption And Net Exports, 2017-2022 20LNG 22Refining And Oil Products Trade 23Table: Libya Refining - Production And Consumption, 2011-2016 23Table: Libya Refining - Production And Consumption, 2017-2022 23Refining And Oil Products Trade 23Revenues/Import Costs 25Industry Risk Reward Ratings 26Libya - Risk/Reward Ratings 26Libya Upstream Overview 26Libya Upstream Rewards 26Libya Upstream Risk 26Libya Downstream Overview 26Africa - Risk/Reward Ratings 27Table: Africa Oil And Gas Risk/Reward Ratings (Scores Out Of 100) 28Riches Rewards Lie Underground, While Above-Ground Risks Continue To Loom 29Table: Africa Upstream Risk/Reward Ratings 29Downstream Woes Still Weight Down On Reward Potential 31Table: Africa Downstream Risk/Reward Ratings 31Table: Proposed And Planned Refineries In Africa 34Market Overview 36Libya Energy Market Overview 36Overview/State Role 38Licensing And Regulation 38Tax Law 39Government Policy 39Licensing Rounds 40International Energy Relations 42Oil & Gas Infrastructure 45Oil Refineries 45Table: Refineries In Libya 45Oil Terminals 47Oil Pipelines 47LNG Terminals 48Table: LNG Terminals In Libya 48Gas Pipelines 48Competitive Landscape 50Table: Key Players - Libya Oil & Gas Sector 51Table: Key Upstream Players 51Company Profile 52National Oil Corporation (NOC) 52Eni North Africa 56Total Libya 60OMV Of Libya 63Repsol Libya 66Marathon Oil 69ConocoPhillips 72Other Summaries 75Regional Overview 80Africa Overview 80Subsalt Expectations 80Oil Flows Under Stress 81East African Gas Boom 83Fuelling Development: The Downstream Race 85Post-Revolutionary Blues 87Global Industry Overview 89Global Energy Market Overview 89Table: Global Oil Consumption Estimates, mn b/d 93Appendix 95Africa - Regional Appendix 95Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d) 95Table: Oil Consumption - Long-Term Forecasts, 2015-2022 ('000b/d) 96Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d) 96Table: Oil Production - Long-Term Forecasts, 2015-2022 ('000b/d) 97Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d) 98Table: Refining Capacity - Long-Term Forecasts, 2015-2022 ('000b/d) 98Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm) 99Table: Gas Consumption - Long-Term Forecasts, 2015-2022 (bcm) 100Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm) 100Table: Gas Production - Long-Term Forecasts, 2015-2022 (bcm) 101Table: LNG Net Exports - Historical Data & Forecasts, 2011-2018 (bcm) 102Table: LNG Net Exports - Long-Term Forecasts, 2015-2022 (bcm) 102Glossary 103Table: Glossary Of Terms 103Methodology 105Oil & Gas Risk/Reward Ratings Methodology 105Ratings Overview 105Table: BMI's Oil & Gas Risk Reward Ratings - Structure 106Indicators 106Table: BMI's Oil & Gas Business Environment Upstream Ratings - Methodology 107Oil & Gas Forecasts Methodology 108Energy Industry 109Cross checks 109Sources 110