What structural role does the Supreme Petroleum Council (SPC) fulfill within Kuwait's hydrocarbon sector governance?
Answer and explanation
Correct answer: B. Setting national oil policy and approving strategic energy investments
- Step 1: The Supreme Petroleum Council (SPC), chaired by the Prime Minister, is the highest governing body for Kuwait's oil and gas sector.
- Step 2: It formulates general petroleum policy, sets production targets, approves major capital expansion projects, and oversees the state-owned Kuwait Petroleum Corporation (KPC).
Answer
Setting national oil policy and approving strategic energy investments.
Why not the others: KPC subsidiaries (KNPC/KOC) handle operational drilling and retail pumps; customs handles maritime inspections; Ministry of Electricity handles utilities.
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