Kuwait- KNPC hosts SPAC first 2012/2014 session meeting 

(MENAFN - Arab Times) Representatives of the oil sector companies at the Suppliers Partnership Advisory Council (SPAC) - held their first meeting for the 2012-2014 session at the KNPC Main Office.

Representatives of Kuwait oil sector as well as local suppliers, manufacturers and contractors attended the meeting. Representatives of the concerned government authorities were also present.

"Kuwait private sector should be more involved in Kuwait oil sector business and projects," KNPC Chairman & Managing Director, Fahed Salem Al-Ajmi, said in his opening speech. "Very soon, Kuwait oil sector will embark on significant expansion mega projects to boost its production capabilities, be it in oil production, refining or petrochemical industries.

SPAC is expected to play more important role in this field, and Kuwait private sector has the experience, know-how and financial capabilities to be a real competitor," Al-Ajmi said. KNPC Deputy Managing Director for Financial & Admin. Affairs and SPAC Chairman, Fahed Fahhad Al-Ajmi, then presided over the meeting. He outlined the next two-year action plan for SPAC.

For his part, SPAC Secretary & TL - Quality Assurance & Suppliers Services, Mahmoud Ahmed Layri, spoke about the SPAC's charter, structure and targets. Setting priorities and mechanism to carry-out the action plan were also discussed.

Three committees were formed by the end of the meeting: Contractors Committee, Suppliers Committee and Manufacturers Committee, each to be presided over by a member from the oil sector.