Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

KPC seeks to boost Kuwait oil industry in int'l mkts: CEO  Join our daily free Newsletter

MENAFN - Arab Times - 30/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Deputy Chairman and Chief Executive Officer of Kuwait Petroleum Corporation Mr. Nizar Al-Adsani confirmed that KPC, as part of its responsibility, is keen on supporting the national economy, enhancing effectively the development plan and initiating sturdily progressive steps to achieve KPC 2030 strategic directions. In a press statement on KPC participation in the 2nd Gulf Petroleum Forum which is organized by IG Events, Al-Adsani said, "KPC pays special concern to the scientific research; therefore, it is keen on patronizing its activities; thereof, it tends to establish an international research center specialized in oil industry to develop it and underpin its status territorially and internationally.



He clarified that petrochemical industry is one of KPC priorities inside and outside Kuwait; accordingly, it seeks diligently to achieve integration between petrochemical industry and refining industry to create an added value and optimize such goal which is one of the key pivots of KPC strategy. Consequently, the corporation seeks to bolster collaboration with international partners in this field to develop incessantly such important industry, enhance the status the Kuwaiti oil industry internationally and penetrate new international promising markets. With reference to the Kuwaiti personnel in KPC and its subsidiaries, Al-Adsani said the human resource is considered one of the key elements of KPC strategic plans, adding the percentage of the Kuwaiti personnel recruited in KPC and its subsidiaries has ostensibly increased through providing youth with job vacancies and rehabilitating them to join and perform the various phases of oil industry in Kuwait



He went on to say that human resource is the key pivot for fulfilling successful investment. It is the safety valve which helps achieve the forward-looking desires and plans, as it enables KPC to enter new promising markets particularly in Asia; in addition to underpinning its strategic partnerships with international distinguished institutions of scientific research and training. Al-Adsani emphasized that KPC is keen on implementing huge oil projects inside and outside Kuwait among which the fourth refinery project, the clean environment fuel project, and the refinery and petrochemical complex in Vietnam; the matter will enhance the status of Kuwait internationally, as such projects will help produce petroleum products in liaison with the international environment criteria and stipulations allotted in this domain; moreover, this helps create and added value for the Kuwaiti oil industry among other industries



He added, "KPC participation in sponsoring the 2nd Gulf Petroleum Forum is among its keenness to avail of such significant forums which serve its goals and ambitions which are aimed at accomplishing more progress and devotion in the Kuwaiti oil sector." "As we live in a world whose incidents are moving very fast, it is necessary to optimize the opportunity of building constructive collaboration among the international and national companies to be able to confront and surmount the future challenges and provide better future for energy," noted Al-Adasni. He further depicted the 2nd Gulf Petroleum Forum, in which several governmental and non-governmental authorities, Gulf and Arab private and public oil companies along with Gulf and international oil experts take part, as a distinguished and lucrative activity which highlights the role of the Gulf oil sector and cooperation in promoting such substantial industry

 


Arab Times




  MENA News Headlines
 Sep 17 2014 - Kyrgyz Energy and Industry Minister Meets Qatari AmbassadorQatar News Agency
(MENAFN - QNA) Minister of Energy and Industry of the Republic of Kyrgyzstan Osmonbek Artykbaev met Wednesday with HE Qatar's Ambassador in Bishkek Mohammed bin Arar Al Nuaimi. During the meeting, ...

 Sep 17 2014 - Japan to Donate over $10 Million to Iraqi, Syrian RefugeesQatar News Agency
(MENAFN - QNA) Japan plans to donate more than $10 million through international organizations to Iraqi and Syrian refugees displaced by the Islamic State militant group (ISIS), sources close to ...

 Sep 17 2014 - Qatar Seeks to Diversify National Economy by Attracting Foreign InvestmentsQatar News Agency
(MENAFN - QNA) HE Qatar's Ambassador to the United States Mohammed Jaham Al Kuwari has stressed that the State of Qatar is seeking to diversify its national economy by attracting foreign investments ...

 Sep 17 2014 - Summary of Local News Released Tuesday - 1-Qatar News Agency
(MENAFN - QNA) - Trade Minister of the Republic of Ecuador Francisco Rivadeneira has met with HE Qatar's Ambassador to Ecuador Hassan Ibrahim Abdurrahman Al-Maliki . - A delegation from the ...

 Sep 17 2014 - Summary of Local News Released Tuesday - 2-Qatar News Agency
(MENAFN - QNA) - Over 70 delegates are receiving insights on organizing major sports events at a two-day course that opened Tuesday at the Qatar National Convention Centre in Doha. - The State of ...

 Sep 17 2014 - Summary of Local News Released TuesdayQatar News Agency
(MENAFN - QNA) A summary of local news released Tuesday by Qatar News Agency. - HH the Emir Sheikh Tamim bin Hamad Al-Thani sent Tuesday a cable of congratulations to the President of the United ...

 Sep 17 2014 - Qatar Airways receives its first Airbus A380MENAFN
(MENAFN) Qatar Airways has taken delivery of its first A380 superjumbo following a three-month standoff with plane maker Airbus over the quality of cabin fittings, Gulf Business reported.However the ...

 Sep 17 2014 - Egypt plans to woo foreign investorsMENAFN
(MENAFN) Egypt is introducing economic reforms to help the country in its plan to re-attract foreign investments and boost domestic growth rates in order to restore its ailing economy, which is ...

 Sep 17 2014 - MENA's investments in rail projects hit USD167bMENAFN
(MENAFN) Investment in rail projects is accelerating throughout the Middle East and North Africa region (MENA), with at least USD167 billion-worth of active or future rail or metro projects being ...

 Sep 17 2014 - India to remain UAE top export destinationMENAFN
(MENAFN) The UAE is likely to remain top export destination for India till 2030, and China is forecast to emerge as the second largest export market, displacing the US, Khaleej Times reported.India, ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help