Geological Map of the State of Kuwait / ????? ???????? ????? ??????. Scale 1:250,000.

KUWAIT OIL COMPANY.

Edité par ., 1981

A propos de cet article

Original large colour-printed map (76 x 103.5 cm) with detailed key and legend. Compilation and cartography by Hunting Geology and Geophysics Limited. Generally in excellent condition. Kuwait becomes a Major Player in the Global Oil Industry This is a scarce, large-format bilingual geological map of Kuwait, prepared in 1981 by Hunting Geology and Geophysics for the Kuwait Oil Company. It was produced at a time when Kuwait's oil production was undergoing rapid changes, including the creation of the Kuwait Petroleum Corporation (KPC), of which the Kuwait Oil Company became a subsidiary, and expansion into international markets and the securing of vertical integration. The map covers the mainland of Kuwait along with the Bubyan and Failaka Islands, using colour-shading to indicate a variety of sands, gravels, clay, and stone, as explained in the bilingual legends present at right, which also indicate geological era. Lines and other notation are used to indicate geological and international boundaries, fault lines, wadis, elevation (contour lines), roads, depressions, and intertidal and shoaling sand. Developed areas, namely Kuwait City and some nearby coastal settlements, are shaded grey. Additional supplementary information appears at right, including a diagram and explanation of the local grid employed. Historical Context Upon gaining independence from the United Kingdom in June 1961, Kuwait inherited an oil industry dominated by the Kuwait Oil Company (KOC), a joint venture between British Petroleum and Gulf Oil. However, like other emerging postcolonial states in the region, Kuwait was determined to assert control over its primary resources. This effort began with the formation of the Kuwait National Petroleum Company (KNPC) in 1960 and the Petrochemical Industries Company (PIC) in 1963, which allowed the government to build domestic technical expertise. A major milestone of this era was the 1962 relinquishment agreement, which forced foreign concessionaires to return 60 percent of their unexplored territories to the state, paving the way for independent national exploration and the 1968 opening of the Shuaiba Refinery, the world's first all-hydrogen refinery. The 1970s saw a shift from foreign partnership to total nationalization following the 1973 oil crisis and the subsequent surge in global prices. After an initial 'participation' agreement in 1972 that gave the state a 25 percent stake in KOC, Kuwait moved for a full takeover by December 1975. By 1976, the state held 100 percent ownership of its oil assets, allowing it to cap production to conserve reserves for future generations, a policy that stood in contrast to the high-extraction strategies of foreign firms (who further increased production as they sensed nationalization was in the offing). Thus, the vast revenues generated by the oil industry were funneled directly into the Reserve Fund for Future Generations, established in 1976 to provide long-term fiscal stability. They also financed a comprehensive welfare state, providing citizens with free education, healthcare, and subsidized housing, while transforming the capital of Kuwait City (simply 'Kuwait' ?????? here) into a modern metropolis. By the early 1980s, Kuwait shifted its focus toward global integration and organizational efficiency. In January 1980, the government established the Kuwait Petroleum Corporation (KPC) as a centralized holding company to manage all aspects of the industry, from upstream exploration to downstream retail. Kuwait became a pioneer among OPEC nations by aggressively expanding into international markets, acquiring the American drilling and engineering giant Santa Fe International in 1981. This strategy continued with the acquisition of refining and retail networks in Europe, laying the groundwork for the 1983 launch of the 'Q8' brand. Thus, by the mid-1980s, Kuwait had successfully established one of the most vertically integrated and professionally managed state oil industries in th.

N° de réf. du vendeur 65434

Détails bibliographiques

• Titre: Geological Map of the State of Kuwait / ????? ???????? ????? ??????. Scale 1:250,000.
• Éditeur: .
• Date de parution: 1981
• Catalogues du vendeur:
  • MAPS - ASIA
  • Arabia