H.E Minister of Oil and Minister of State for
National Assembly Affairs Dr. Mohamed Al-Busairi visited KNPC on 16/1/2012. The
visit program started by receiving the Minister at KNPC H.O, where Mr. Fahed
Salem Al-Ajmi, Chairman & Managing Director, DMDs and the Managers welcomed
His Excellency. After that, they all went to the Top Management meeting room,
where Mr. Bakhit Al-Rashidi, DMD, Planning and Local Marketing gave a full
presentation on KNPC current and future projects and 2030 strategy plans, in
addition to the operations latest updates, including the workflow and
achievements of the three refineries.
Al-Rashidi reviewed the organizational structure
of the company and presented a summery on its history, establishment, phases of
development, the work nature in its three refineries and its current daily
capacity of oil and liquefied petroleum gas, referring to the products
transferring network among the three refineries which makes them the biggest
refining compound in the world. He also overviewed the New Refinery Project
(NRP) and the Clean Fuel Project (CFP), pointing out that these two huge
projects are a cornerstone in the strategic vision of the Kuwaiti refining
industry.
After that, Mr. Khalid Al-Mushaileh, Manager,
Corporate Planning Dept. talked about the aspects of 2030 strategy and KNPC
initiatives related to the implementation of this strategy for realizing the
expected increase in the productivity and refining of the company, most
important challenges facing the company, in addition to roadmap of the new
projects and the cost of each single project. Furthermore Mr. Adnan Bourisli,
Manager of Local Marketing Dept. highlighted KNPC procedures carried out to
control diesel smuggle and the temporary controlling body for the fuel
marketing private sector companies, reviewing the internal controlling systems
in KNPC for the petroleum products distribution. After that, Al-Busairi was
taken to a tour inside MAA refinery included the refining units and control
tower of the new oil pier.
In his speech, His Excellancy Minister of Oil
stated that the NRP and CFP will transform the oil sector a significant
qualitative transformation, indicating that the cost of KNPC projects being
carried out for the next five years are ten billion and seven hundred millions
Kuwaiti Dinars, including eight billions and six hundred millions assigned for
the mentioned projects as they represent the hugest projects.
Al-Busairi pointed out that the NRP and CFP got
the approval of the Supreme Petroleum Council and they are waiting for a decree
by the Council of Ministers which is expected to be issued very soon for the
implementation process. He added that the actual implementation of both projects
are supposed to be by the end of this year to be completed in 2016. For his
part, Mr. Farouk Al-Zanki, CEO-KPC said that the Minister tour in KNPC is the
second one across the oil sector and by this visit he was acquainted with KNPC
activities and visited MAA refinery which is considered the biggest KNPC
refinery.
