Kuwait's emir on Monday tasked a former oil minister with forming a new government, state media reported, after the latest parliamentary polls in the Gulf state riven by political instability.

"Today an Emiri order was issued appointing Sheikh Ahmad Abdullah al-Ahmad al-Sabah as prime minister and assigning him to nominate members of the new cabinet," the Kuwait News Agency said.

The move comes just a few months into the reign of Sheikh Meshal al-Ahmad al-Sabah and less than two weeks after Kuwait's third parliamentary vote in as many years saw the opposition maintain its majority.

The government resigned a day after those polls held on April 4.

The outgoing prime minister, Sheikh Mohammad Sabah al-Salem al-Sabah, refused to take up the position again amid ongoing tensions between the government and the 50-member National Assembly.

Sheikh Ahmad Abdullah, the 71-year-old new prime minister, served as oil and information minister from 2009 to 2011 and has recently been head of the crown prince's court with a ministerial rank.

He earned a bachelor's degree in finance, banking, and investment from the University of Illinois.

Kuwait boasts approximately seven percent of the world's oil reserves and the Gulf's most powerful elected assembly.

But political dysfunction -- often stemming from elected representatives' attempts to hold the royally-installed cabinet to account for issues including corruption -- has thwarted Kuwait's efforts to diversify its economy along the lines of neighboring Gulf powers.