Oil Reserves of Kuwait Last updated on
Tuesday 20th April 2010
The Kuwait Oil Company was formed in 1934 and the first strike was at Burgan in 1938. World War II, however, delayed the first exports until 1946. The rush of oil revenues into the country made possible the development of Kuwait as we know it today.
Subsequent to the initial strike, there have been further oil discoveries all over Kuwait, which possessed huge oil reserves.
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