Latest news with #NawafSaudAl-NasserAl-Sabah
Kuwait News Agency
21-05-2025
- Business
- Kuwait News Agency
كونا : Amb. Al-Zain Al-Sabah, KPC CEO discuss strategic ties with US Interior Secretary
21/05/2025 LOC10:21 07:21 GMT Kuwait Ambassador to the US and CEO and Deputy Chairman of KPC with US Interior Secretary WASHINGTON, May 21 (KUNA) -- Kuwait Ambassador to the US Sheikha Al-Zain Al-Sabah and CEO and Deputy Chairman of the Kuwait Petroleum Corporation (KPC) Sheikh Nawaf Saud Al-Nasser Al-Sabah held a meeting with US Interior Secretary Doug Burgum, said Kuwait's Embassy. In a statement to KUNA, the embassy affirmed that the meeting discussed ways to strengthen strategic relations between the two countries, including in the energy sector, and the upcoming construction of the Desert Storm and Desert Shield memorial in Washington. The Kuwaiti embassy also said it hosted a roundtable discussion with Sheikh Nawaf Al-Sabah later today in cooperation with the Washington-based Atlantic Council think tank. Sheikh Nawaf highlighted various topics in the discussions, including solar energy, artificial intelligence, carbon recycling, and Kuwait's growing role in the global energy sector, it added. (end) Kuwait Ambassador to the US and CEO and Deputy Chairman of KPC discuss strategic ties with US Interior Secretary Kuwait Ambassador to the US and CEO and Deputy Chairman of KPC with US Interior Secretary Kuwait Ambassador to the US and CEO and Deputy Chairman of KPC discuss strategic ties with US Interior Secretary
Arab Times
27-01-2025
- Business
- Arab Times
KPC invests in local talent with 91% of workforce Kuwaiti nationals
KUWAIT CITY, Jan 27: Sheikh Nawaf Saud Al-Nasser Al-Sabah, the CEO of Kuwait Petroleum Corporation (KPC), announced on Monday that the proportion of Kuwaiti nationals employed at KPC and its subsidiaries has reached 91%. He reaffirmed the corporation's commitment to developing and empowering Kuwaiti talent at all levels. In an interview with Kuwait News Agency (KUNA) on the occasion of KPC's 45th anniversary, Sheikh Nawaf Al-Sabah highlighted the corporation's substantial contribution to the country's development since its establishment. He noted that KPC has played a significant role in supporting the nation's economic growth, achieving numerous accomplishments that have positioned it as a vital pillar of the national economy. Sheikh Nawaf stated that since its inception on January 27, 1980, KPC has created a solid national legacy built on hard work, dedication, and a continuous drive for innovation and progress at every stage of the oil sector's development. He emphasized that the Kuwaiti oil sector, led by KPC, is grounded in strong, steadfast values and operates under clear strategies, ensuring the application of best practices with flexibility and innovation. He added, "Innovation is the compass guiding the oil sector toward success." A key element of KPC's approach is its focus on human resources. Sheikh Nawaf emphasized that the oil sector has invested in generations of Kuwaiti employees, enhancing their skills and fostering a culture of learning and development. This focus on the workforce has resulted in an industry that sets an example for excellence, discipline, and leadership. As KPC approaches its golden jubilee in five years, Sheikh Nawaf underscored that the corporation is on track to achieve its 2040 strategy. He acknowledged that global shifts in the oil market will require adaptability and innovation. While the global economy continues to rely on oil as a key energy source, Sheikh Nawaf stressed the importance of reducing harmful emissions and combating climate change. He further explained that Kuwaiti oil is among the lowest in production costs and carbon emissions worldwide. The corporation is focused on increasing production by 2030, while investing in innovative technologies and digital transformation to reduce emissions. Additionally, KPC is committed to boosting its offshore production, having already succeeded in exploring fields such as Al-Nukhdha and Al-Julai'ah. The corporation aims to add 200,000 barrels per day from offshore resources by 2035. In terms of reducing harmful emissions, Sheikh Nawaf highlighted KPC's plans to invest in carbon capture technologies. By 2050, the corporation aims to capture and store around 26 million tons of carbon dioxide equivalent emissions. KPC is also studying options for carbon capture from multiple operations within the production and refining sectors to enhance crude oil production while minimizing environmental impact. Artificial intelligence (AI) is a central part of KPC's digital transformation strategy. Sheikh Nawaf explained that AI and machine learning are being applied to improve operational efficiency, support decision-making, and drive innovation. The use of AI is aimed at enhancing processes such as predictive maintenance and intelligent data analysis, while also integrating AI to monitor emissions and develop solutions to reduce environmental impacts. Sheikh Nawaf also discussed KPC's efforts to train and empower Kuwaiti talent. The corporation supports continuous learning through digital platforms and e-learning units, and it has introduced mentoring programs led by industry leaders. KPC has also collaborated with leading Kuwaiti universities to create cooperative education programs that equip young talent with practical experience and knowledge. Finally, Sheikh Nawaf expressed his heartfelt gratitude to all employees of KPC and its subsidiaries for their dedication and loyalty, which have been essential to the corporation's successes. He attributed these achievements to the wise leadership of His Highness the Amir Sheikh Mishaal Al-Ahmad Al-Jaber Al-Sabah and His Highness the Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah.
