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

 






  MENA News Headlines
 Aug 30 2014 - Syrian rebels attack peacekeepers in Golan HeightsArab News
(MENAFN - Arab News) BEIRUT: Clashes erupted between Al-Qaeda-linked Syrian rebels and UN peacekeepers in the Golan Heights on Saturday after the militants surrounded their encampment activists and ...

 Aug 30 2014 - World's first digital currency from Ecuador central bankArab News
(MENAFN - Arab News) QUITO: Ecuador is planning to create what it calls the world's first digital currency issued by a central bank which some analysts believe could be a first step toward abandoning ...

 Aug 30 2014 - Japan's 'Golden Bolt': 103-year-old challenges world's fastest manArab News
(MENAFN - Arab News) KYOTO Japan: Closing in on his 104th birthday a twinkle-toed Japanese sprinter has thrown down the challenge to the world's fastest man Usain Bolt telling him: 'let's ...

 Aug 30 2014 - Cricket: Sri Lanka overpower Pakistan to win ODI seriesArab News
(MENAFN - Arab News) DAMBULLA: Seamer Thisara Perera claimed 4-34 and Tillakartane Dilshan hit an unbeaten 50 as Sri Lanka trounced Pakistan by seven wickets in the final one-dayer on Saturday to ...

 Aug 30 2014 - EU's Barroso warns Ukraine crisis near 'point of no return'Arab News
(MENAFN - Arab News) BRUSSELS: EU Commission head Jose Manual Barroso warned on Saturday that the crisis in Ukraine was reaching the point of no return after reports Russian troops were fighting in ...

 Aug 30 2014 - Egypt court gives 8 Brotherhood leaders life sentencesArab News
(MENAFN - Arab News) CAIRO: A Cairo court has sentenced Muslim Brotherhood spiritual leader Mohammed Badie and seven others to life in prison on charges of planning riots murder and sabotage Egypt's ...

 Aug 30 2014 - Various projects enhance tourist potential in DuqmMuscat Daily
(MENAFN - Muscat Daily) The Special Economic Zone at Duqm is witnessing implementation of many tourism projects that strengthen the potentials of the zone to attract tourists and ...

 Aug 30 2014 - Ruthless activities of IS 'against islamic principles'Arab News
(MENAFN - Arab News) KOZHIKODE: The ISIS or their self proclaimed Khalifates/Islamic state does not represent Islam by any means Sheikh Aboobacker Ahmed general secretary of All India Sunni ...

 Aug 30 2014 - Back to school: Students aim to scale new heightsArab News
(MENAFN - Arab News) An estimated 5.6 million boys and girls will go to school in the Kingdom when schools reopen after the summer and Ramadan vacations on Sunday.In a statement to the Saudi Press ...

 Aug 30 2014 - Al-Asheikh: Name and shame fraudstersArab News
(MENAFN - Arab News) Grand Mufti Abdul Aziz Al-Asheikh called for drafting a list of those who are involved in forging real estate deeds valued at SR400 billion. 'Their names should be made public to ...

more...


 






Google

Live Currency Rates

 
 

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