Oil Reforms
On June 14, 2008, Al-Sadoun and three other MPs filed a bill stipulating that annual oil output from Kuwait should not exceed one percent of proven reserves. The bill also requires the state to disclose to parliament the emirate's actual proven reserves. Government reports declare Kuwait's reserves to be about 100 billion barrels (1.6×1010 m3). Al-Sadoun alleges that this number has been inflated to give Kuwait greater leeway within OPEC, which apportions export quotas based on the size of each member country's reserves. Al-Sadoun has said that proven reserves could be as low as around 24 billion barrels (3.8×109 m3). In the past few years, Kuwait has been producing just under one billion barrels per year, one percent of the official reserve figure. If the bill is approved, it could force the emirate to cut its output from 2.55 million barrels (405,000 m3) per day currently to a quarter of that.
Al-Sadoun further breaks from Kuwait's current oil policies in his staunch opposition to the entry of international oil companies (IOCs) into Kuwait.
Read more about this topic: Ahmed Al-Sadoun
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