The petroleum and hydrocarbon sector stands as by far the largest, most dominant industry in Kuwait, accounting for the vast majority of government export revenues, national income, and gross domestic product. Kuwait holds some of the largest crude oil reserves on the planet, managed primarily through state-owned entities like Kuwait Petroleum Corporation. While the nation has launched aggressive economic diversification strategies under national development plans to boost tourism, finance, and logistics, petroleum extraction and refining remain the undisputed backbone of the domestic economy.