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KNPC discusses its contributions to the downstream industry

Kuwait: Saturday, February 18 - 2012 @ 16:07

KNPC prides itself in maximising the value of Kuwaiti hydrocarbons through domestic and international refining, petrochemical and marketing. The company’s prime concern is to be a leading player in the global oil and gas downstream sector, placing significant emphasis on high performance and contributions to the state of Kuwait.

Numerous highly demanding expansion projects are being undertaken by KNPC, including plans to build a third refinery in Asia in addition to projects in China and Vietnam.

Mr. Al Sabi, said, “These expansions will further strengthen the position of KNPC in the international market and enable it to maintain its position as one of the major players in the downstream sector of the Middle East region. In addition, it will help KNPC to meet the growing energy demand of Kuwait.”

One of the key challenges faced by refineries in the Middle East are the constantly changing regulations and newly introduced specifications making it difficult to adapt and meet current and future demand.

According to Al Sabi, KNPC keeps itself abreast with the latest regulatory changes and new specifications. It has already taken steps to implement projects that are either in progress or included in its five year plan such as the revamp of Effluent Treatment Facilities, new and revamped Acid Gas Removal Plant, Tail Gas Treating Units, Flare Gas Recovering Units and the optimisation of the existing refineries process capabilities that will produce environmentally friendly petrochemical products.

Furthermore, KNPC is spending an estimated 20 per cent on environmentally friendly projects and will continue to do so and even further improve it.

Companies today are trying to minimise risk. In terms of investment and execution, capital projects are generally risky and strategies need to be formulated in order to address this crucial issue.

MrAl Sabi said, “In order to minimise these risks, KNPC has adopted a comprehensive program methodology and project control procedure. It has a built in stage gate review and approval screening system, which ensures clarity on stakeholder requirements, alignment with strategic objectives, selection of best option, clear scope definition and identification of potential risks with their mitigation plan.”

On being asked what is needed to become a supplier for KNPC, Al Sabi replied: “Contractors and suppliers need to prove their credentials by providing professional managed services, employing skilled staff and labor, ensuring quality of work and safe execution, within the contractual time frame without compromising on contractual scope and requirements.”

Mr. Al Sabi will participate at Middle East Downstream Week (MEDW) on March 26, 2012, to discuss how to excel with clean fuel outputs.

MEDW 2012 will take place from 25 – 28 March 2012 in Abu Dhabi, UAE. It is the perfect place to gather, discuss and debate with like-minded, forward-thinking strategic and technical professionals who have the future of the region’s refining industry in mind.

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Saturday, February 18- 2012 @ 16:07 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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