By Osama Jalal
KUWAIT, June 29 (KUNA) -- Fahad Al-Ajmi, new board chairman and managing
director of Kuwait National Petroleum Company (KNPC), asserted here Wednesday
importance the two new projects of the new refinery and biofuel, noting that,
"they will achieve a quantum leap to the Kuwaiti oil sector."
Al-Ajmi told KUNA, in his first statement to the press following taking up
his post, that these two projects, "will achieve the targeted increase of the
refining capacity according to the strategy set by the Kuwait Petroleum
Corporation (KPC), and will improve products in line with the local needs of
energy, and in tandem with KPC export policy."
Further, Al-Ajmi made clear that KNPC, which is a subsidiary of KPC, is
ready and well-placed to carry out the fourth oil refinery, and the biofuel
projects, "when there are instructions regarding them," noting that the
biofuel project will make the Kuwaiti refineries able to manufacture the oil
products in accordance with the world standards, while the refinery itself
will produce low-sulphur fuel oil.
He also said that these projects will further improve the conservation of
the Kuwaiti environment, improve the derivatives in quantity and quality,
bring material and environmental returns, and achieve an added value to KNPC
along with maximizing profits, noting that one of the most important goals of
the two projects combined, namely oil refinery and biofuel, is to achieve the
KPC strategy aiming at increasing the refining capacity up to 1.4 million
barrel per day.
On his future plans in KPC in the coming period, Al-Ajmi made clear that
his top priority is how to pay further attention to the human resources,
noting that encouraging Kuwaiti youth to work in the oil sector is his primary
concern in order to help them take part in the development of their own
community through motivating the youth to join training courses, and
specialized professional programs.
He also said that the oil sector has a future plan to recruit 2,200 Kuwaiti
specialists in the coming period, noting that KNPC alone will employ a big
percentage of them.
Al-Ajmi also promised to encourage the private sector to be a successful
partner with KNPC, in a reference to the complaint made by the private sector,
particularly the Oula Fuel Marketing Company, and Al-Soor Fuel Marketing
Company, of the lack of petroleum products which are given to them for
On the maintenance programs within the company's refineries, Al-Ajmi
asserted that these programs have definite schedules that should be abided by,
noting that he was briefed on these programs during his meeting with deputies
of the KNPC managing director, while asserting his keenness on carrying out
such maintenance programs in what achieves their goals, then the working
staff's safety and the installations's security in accordance with the cutting
Al-Ajmi also said that the working staff's safety is not a matter of
bargain, "what we want is that each employee should return safe and sound to
his family," stressing the important role played by the human resources, while
noting that these human elements are able to transfer KNPC to the level of
global oil refining firms.
Finally, he said that he recommended during his meeting with deputies of
the KNPC mananging director the necessity of making concerted efforts in such
critical stage facing the oil industry in the world as a whole, along with
prioritizing the interest of Kuwait above any other consideration, noting that
his work style depends on decentralization, and that every person should
soulder his due responsibility, while stressing the team spirit. (end)
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