ODC Managing Director & Chairman, and Managing Director for Planning at KPC Mr. Hashim Al-Rifaai represented KPC in signing five consultative agreements with Kuwait Institute for Scientific Researches (KISR). The agreements in question are related to common research projects for the benefit of KNPC. Al-Rifaai said on the sidelines of the signing ceremony that KPC gives a big importance for the R&D field, as it has developed a long term strategy to execute R&D programs in relation to its 2030 Strategy, in order to achieve its targets and upgrade the oil sector operations. From his part, KISR Director General Dr. Naji Al-Mutairi said that the signing of these agreements valued 1.5 Million KD, comes in line with the general framework of cooperation between KPC and KISR since April 2005. The agreements include five technical studies all related to oil refining industry and KNPC operations.

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ODC Managing Director and Chairman and Managing Director for Planning at KPC Mr. Hashim Al-Rifaai participated in the ceremony held by KPC to welcome newly appointed Oil Minister Dr. Mohammad Mohsen Al-Besairi. The ceremony was attended by KPC CEO Mr. Farouk Al-Zanki who greeted the new Minister. Al-Besairi met with the K Companies officials, heads of departments at KPC, as well as some of the Oil sector employees

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ODC Chairman and Managing Director, and Managing Director for Planning at Kuwait Petroleum Corporation (KPC) Mr. Hashim Mustafa Al-Rifaai said that KPC will increase its oil production from its projects outside Kuwait to reach 200.000 bpd by 2020. In a statement to daily “Annahar”, Al-Rifaai added that KPC is seeking to enhance its oil refining performance abroad, mainly in Europe in order to achieve high revenues, while looking for similar investment opportunities outside Europe. “KPC is now focusing on markets with higher growth, mainly in Asia” Al-Rifaai confirms, affirming that Kuwait has exceeded its production target inside Kuwait by the end of the last financial year 2010/2011 reaching a production of 3 million bpd. He also announced that the capacity of the three refineries in Kuwait will be increased from 900.000 bpd at the moment to 1.4 million bpd in the near future, while enhancing their products to fulfill the needs of KPC clients worldwide.

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Kuwait Petroleum Corporation (KPC) has had preparatory talks with a visiting high-level Brazilian delegation on possible cooperation in the promotion of Kuwaiti Diesel and plane fuel in Brazil. The talks with Brazil's “Petrobras” were so favorable that the Brazilian side showed willingness to cooperate with KPC in the future over the marketing of Kuwaiti oil products in the Brazilian market, Yussif Al-Qabandi, chief of the KPC's negotiating team said. Cooperation between KPC and “Petrobras” is part of the former's plan to open up fresh channels for marketing Kuwaiti oil worldwide

Kuwait Petroleum Corporation (KPC) has announced that it recently exported Sulfur to Brazil, taking its products to the Latin American state for the first time in its history. In a press release issued, KPC noted that it has exported the first Sulfur shipment to Brazil last March. The Sulfur deal was part of a plan to enter new markets around the world. The statement praised the efforts of the Fuel Oil Sales department staff at the International Marketing Sector in KPC for their success in concluding the deal and managing to enter new and promising markets.

Kuwait Petroleum Corporation (KPC) signed an annual contract for supplying South Korean “SK” Group with Kuwaiti crude oil. Chief Executive Officer (CEO) of KPC Farouk Al-Zanki and South “SK” Group President Che Tae Won asserted the solid ties binding Kuwait and South Korea, particularly in the oil field, noting that it is a result of a long-term partnership.

Both Kuwaiti and South Korean sides have discussed during the contract's signing ceremony the bilateral future projects and plans that may help boost their strategic business partnership including the ways of developing cooperation in the domain of R and D, and oil producing and refining inside and outside Kuwait in order to tap into South Korean technologies.

The meeting was attended by KPC Managing Director for Government, Parliamentary Relations, Public Relations and Media Sheikh Talal Al-Khaled Al-Sabah, KPC Managing Director for Financial and Administrative Affairs Ali Al-Hajri, and Kuwait Foreign Petroleum Exploration Company (KUFPEC) Chairman and Managing Director Fahed Al-Ajmi.

Kuwait Petroleum Corporation (KPC) reiterated its support for the Kuwaiti youth and announced it is sponsoring the leading Kuwaiti project “youth achievement” which aims to qualify university students in educational and psychological terms. Managing Director for Government and Parliamentary relations and Media at KPC Sheikh Talal Al-Khaled Al-Sabah confirmed in this regard the main objectives of KPC in supporting all youth activities and events in order to develop their capabilities and help them to discover themselves and their needs. Sheikh Talal also stressed that KPC will continue to support all the ambitious projects that are seeking to enabling youth into participating to the current development process in the State of Kuwait

A technical team managed to fix the crude oil distillation unit at the Mina Abdullah Refinery, thus saving USD 21.9 million of possible losses for Kuwait National Petroleum Company (KNPC). That was a new global achievement to be added to the numerous achievements of KNPC, citing deputy managing director for the refinery Mohammad Al-Mutairi. The internal layer of the crude heater of the distillation unit eroded due to continuous operation and risked damaging the outer steel frame which was exposed to meltdown. The team faced the challenge of fixing the problem without stopping the unit and was able to assert its efficacy and excellence, using the world's latest technologies, Al-Mutairi added. He affirmed that if the team used the traditional method of fixing such a problem and stopped the unit, this would have costed the corporation up to USD 21.9 million

Deputy Managing Director for North Kuwait in Kuwait Oil Company (KOC) Hosnia Hashem disclosed that production capacity of the Northern fields will reach 800.000 bpd by next May, after adding 120.000 bpd resulted from the early production facility which has entered in service lately and already reached some 75.000 b/pd. Ms Hashem said in a statement to the “Anba” newspaper that the Northern Area is producing some 730.0 00 to 740.000 b/pd at the moment, confirming that the company is moving forward and on the right track to achieve its 2015 Strategy consisting of producing 1.000.000 b/pd from the Northern area.