Reshuffle complete in oil sector

03 September 2004
The Energy Ministry announced on 31 August new personnel changes at Kuwait Petroleum Corporation (KPC)and its subsidiaries, brought about by the retirement of long-standing KPC deputy chairman and chief executive officer Nader Sultan (MEED 20:8:04).
The Energy Ministry announced on 31 August new personnel changes at Kuwait Petroleum Corporation (KPC)and its subsidiaries, brought about by the retirement of long-standing KPC deputy chairman and chief executive officer Nader Sultan (MEED 20:8:04).

Hani Hussain is confirmed as Sultan's replacement, with Hussain's former position as chairman and managing director at KPC's refining subsidiary Kuwait National Petroleum Company (KNPC)taken up by Sami al-Rasheid. Farouk al-Zanki takes over the helm at upstream operator Kuwait Oil Company (KOC), replacing current chairman and managing director Ahmed al-Arbeed, who becomes managing director of Project Kuwait - the proposed development by international oil companies of five northern fields.

Abdelhadi al-Awwad is to become chairman and managing director of neutral zone operator Kuwait Gulf Oil Company (KGOC), taking over from Mohammad Ali al-Jazzaf.

There are no changes at the other KPC subsidiaries Kuwait Oil Tanker Company (KOTC), Kuwait Foreign Petroleum Exploration Company (Kufpec)or Petrochemicals Industries Company (PIC),whereAbdullah al-Roumi, Bader al-Khashti and Saad al-Shuwaib retain their respective chairmanships.

Energy Minister and KPC chairman Sheikh Ahmed al-Sabah said that the new appointments will be made official, pending cabinet approval and Emiri decree.

The moves are part of a wide-ranging management reshuffle planned across KPC and its subsidiaries. KPC plans to boost oil production capacity to between 4 million-5 million barrels a day (b/d) by 2020, up from about 2.4 million b/d at present (MEED 21:5:04).

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