Kuwait City: Kuwait is the seventh largest oil producer in the world. The American newspaper Wall Street 24/7 has compiled a list of the 15 countries that control and stockpile oil in the world. Kuwait's oil reserves are estimated at 101.5 billion barrels. It accounts for 5.9 percent of the world's total oil reserves. By 2020, Kuwait's oil production will be 2.7 million barrels per day. The per capita GDP is US $ 51.962. According to the report, oil exports will account for 42.1 per cent of GDP by 2020.
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