List of all articles filed under “kuwait-oil-gas” category.
Walid Al-Hashash exposes the investment strategy of one of the leading energy holding company in Kuwait. AREF energy is investing in niche oil & gas services sector technologies and companies, predominately in the MENA region.
AREF Energy, a leading energy investment holding in Kuwait sees stable oil prices in 2012 hovering around $110 per barrel due to consumption from the emerging markets. Nonetheless, Al-Hashash, chairman of the company warns that any geopolitical instability could create temporary oil price spike that would paralyze consumer confidence potentially causing another recession.
KPC’s vision is to be a secure supplier of oil for the world and to transform the company into an gas producer, while strictly adhering to corporate social responsibility. Farouk Al-Zanki addresses a key message on KPC’s vision.
Corporate social responsibility is a strategic issue for KPC. KPC is involved In many projects to contribute to the society such as Bayt Abdullah Children Hospice, scholarships for students, environmental projects and substituting LNG for oil is rapidly improving the air quality.
Kuwait currently enjoys robust economic growth. According to the latest report by Global Investment House Kuwait’s Real GDP expected to grow by 5.7% in 2011, 4.5% in 2012. Nevertheless, oil continued to dominate total exports of Kuwait in 9M2011, as it did with total government revenues.
Corporate social responsibility is a part of KPC’s strategic issues as a national company. Environmental protection is a priority for KPC. Mr. Al-Zanki shortly talks about KPC’s projects in the area of corporate social responsibility for 2012.
All companies in Kuwait have their own agencies and we are adding agencies through ownership of these companies. This way, we can have more say in the companies that we have ownership in outside Kuwait. Also, we are doing research for certain niche technologies that can give us the advantage over others.
The peaceful use of nuclear energy in particular celebrates a comeback in the Middle East. The UAE and Saudi Arabia will definitely build nuclear plants in order to stand on the same level as Iran, which is on the threshold of becoming a nuclear power.
“In Kuwait , we feel that we are part of the world. When there was a high demand for energy , and oil in particular, Kuwait and Kuwait Oil Company responded positively by producing the maximum in 2008. In regard to Kuwait diversification , the long term concern is there. Kuwait should seriously think about diversifying sources of income for the country.” says Sami Al-Rushaid, Chairman and Managing Director at Kuwait Oil Company
Chairman and General Manager of Global International General Trading and Contracting, Kuwait emerging oil company, Hussain Abdulla Jowhar and Jose R. Erinjeri
Global International General Trading and Contracting started in 1993 with limited capital. Through the combination of our experiences, we made a strategy of how to proceed and grow our business. We grew slowly with the market to reach where we are today. This is the seventeenth year of our company and in suppliable consumables for the oil sector we are a true leader.
