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 15 2014 - Qatari-Turkish TalksQatar News Agency
(MENAFN - QNA) An official session of talks was held today at the Emiri Diwan between HH the Emir Sheikh Tamim bin Hamad Al-Thani and Turkish President Recep Tayyip Erodogan. During the session HH ...

 Sep 15 2014 - Qatar- HH the Emir Issues Laws /For Local Press/Qatar News Agency
(MENAFN - QNA) HH the Emir Sheikh Tamim bin Hamad Al-Thani issued today Law No. 14 of 2014 issuing law on combating cyber crime. HH the Emir issued Law No. 15 of 2014 regulating charitable ...

 Sep 15 2014 - Qatar- Economy Ministry Launches Three-Month Inspection CampaignQatar News Agency
(MENAFN - QNA) The Ministry of Economy and Commerce stressed the need to adhere to consumer protection act and guarantees given to customers after sales service in order to preserve their ...

 Sep 15 2014 - Peace and Security Conference Opens in ParisQatar News Agency
(MENAFN - QNA) the International Conference on the Peace and Security of Iraq opened here under the co-chairmanship of French President Francois Hollande and Iraqi Prime Minister Fuad ...

 Sep 15 2014 - Philippines braces for impact of powerful typhoonKhaleej Times
(MENAFN - Khaleej Times) The typhoon is expected to hit the northeastern side of the main island of Luzon around sundown with residents prepared for the worst.Manila — Philippine communities on ...

 Sep 15 2014 - Mayor sees red as law disallows beaconsKhaleej Times
(MENAFN - Khaleej Times) Mayors preside over meetings of the elected officials of the civic body.Mayors in Indian cities unlike in many other countries occupy largely ceremonial posts. In Mumbai the ...

 Sep 15 2014 - Returnee nurses gear up for agitationKhaleej Times
(MENAFN - Khaleej Times) A spokesman of the association said they will launch the agitation with a sit-in before the secretariat.Trivandrum - More than 200 nurses who returned to Kerala from the ...

 Sep 15 2014 - Andhra Pradesh seeks special category statusKhaleej Times
(MENAFN - Khaleej Times) The cash-starved residuary state of Andhra Pradesh has reiterated its demand for special category status and liberal grants from the centre for the next five years to boost ...

 Sep 15 2014 - North Korea sentences US man to 6 years of hard laborKhaleej Times
(MENAFN - Khaleej Times) North Koreas Supreme Court on Sunday sentenced a 24-year-old American man to six years of hard labor for entering the country illegally and trying to commit espionage.At a ...

 Sep 15 2014 - Death toll now 40 in Nigeria building collapse: rescuersKhaleej Times
(MENAFN - Khaleej Times) The two-storey building located in the sprawling compound of the vast church complex came down on Friday afternoon.Forty people have now died as a result of a building ...

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