Kuwait City: The nationalization of the workforce at the Kuwait Petroleum Corporation (KPC) has achieved a 91 percent rate, according to the company's Chief Executive, Sheikh Nawaf Al-Sabah, in an interview with KUNA. He emphasized the corporation's dedication to developing national skills.
According to Kuwait News Agency, Sheikh Nawaf highlighted the company's contributions to national development plans on the 45th anniversary of KPC's founding. He noted that these efforts have significantly supported the continuous growth of the national economy. The CEO mentioned that KPC's accomplishments are rooted in a commitment to hard work and a desire to continuously improve, which have propelled the company through various development phases.
Sheikh Nawaf stated that KPC is halfway through its developmental journey, with the company aware of the challenges presented by the global oil market's volatility. He noted that Kuwaiti crude oil is distinguished by its low output cost and carbon emissions, and he mentioned a five-year plan to increase production by 2030 using innovative technologies.
Looking ahead, KPC plans to invest in carbon capture and storage technologies, aiming to store 26 million tons of carbon dioxide emissions by 2050. The company also intends to incorporate Artificial Intelligence (AI) technologies and provide platforms for skill development among its personnel.
The CEO expressed appreciation for the dedication of KPC's employees and acknowledged the support from Kuwait's political leadership, which he deemed vital to the company's success.