Natural Resources

Kuwait has few natural resources other than oil, a gigantic natural harbour, fisheries, and a few sparse water supplies. Oil is Kuwait's prime natural resource on which its economy depends. The country is reckoned to have reserves of 94.8 billion barrels, about 9.6% of the world's total. This ranks it third in the world behind Saudi Arabia and Iraq. At current levels of production, Kuwait has enough oil to last for more than 100 years.