List of all articles filed under “kuwait-oil-gas” category.
“We were the pioneer in contracting, specifically in oil and gas. Over time, we have lost our place as one of the leaders in this area. Our vision now is to regain that position,” says Jamal N. Al-Houti, Board Member & CEO of HOT Engineering Co.
“We have talented people in our structure that can lead and manage the business. Plus, we are specialized in certain services which we pioneered. We maintain that advantage. We also have our Parent company supporting us. This is a strength that perhaps other companies do not have. We have experience from being heavily involved in oil and gas and the oil sector,” says Jamal N. Al-Houti, Board Member & CEO of HOT Engineering Co.
“We have a strategy to become different than others by acquiring new specialized services which support our business and strength in oil and gas. In 2015, HOT Engineering Co. set a new strategy to achieve sustainability and continuity in this field,” says Nawaf A. Al Sharhan, GM – Business Development & Tendering of HOT Engineering Co.
“In the construction and contracting field in Kuwait, the oil and gas sector is our biggest area. Currently, in terms of construction, we are working on a new refinery project that is supervised by Kuwait Integrated Petrochemical Industries Co. (a subsidiary of Kuwait Petroleum Corporation) and Gathering Centers Number 30 and 31 by Kuwait Oil Company (KOC). The total cost of these projects is around 10 billion KD,” says Nawaf A. Al Sharhan, GM – Business Development & Tendering of HOT Engineering Co.
“We are very proud to participate in the new refinery project. In other fields, like infrastructure, we signed a contract with the General Department of Civil Aviation to construct the Third Runway for Kuwait Airport.”
“I have a friend who is a specialist in oil, he said to me “if you ask me tomorrow what would be the price of oil, I would not judge it”. In the past, if you remember, the oil prices in a week or even a month could go up or down by 50 cents or maximum by a US dollar, but now they can drop or rise by one US dollar or by three,” says Bader Al Humaidhi, Former Minister of Finance.
“We are undertaking the CFP Mina Al Ahmadi Package project valued at around 4 billion US dollars. We have a stake in this project, we were awarded the Package in April 2014 and this is our implication,” says Jad H. Mekkaoui, Business Development & Contracts Manager of Al-Kazemi Group.
“If you look at Kuwait and the market in general in the last 3 years you can distinguish three major projects that were tendered and awarded and that are in the execution phase,” explains Jad H. Mekkaoui, Business Development & Contracts Manager of Al-Kazemi Group.
“Corruption is rife, Kuwait jumped up 20 places in the ranking for corruption. Unfortunately up to now, democracy has not been helping the development of Kuwait as it used to in the 60s, 70s and partially in the 80s.”
Faisal Hasan, Senior VP of Investment Research Department at KAMCO talks about the oil and gas, banking, real estate, telecom and industry sector.
