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MENAFN - Arab Times - 30/03/2014
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(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

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