Kuwait Reshuffles Oil & Gas Sector Leadership

11 Nov 2022 Issue: 65 / 45 By: Yesar Al-Maleki

Kuwait’s energy sector has been reshuffled by new KPC chief Sheikh Nawaf Al Sabah. The new ‘K-Company’ CEOs will be in charge of ambitious expansion projects, as well as putting in place the building blocks of Kuwait’s net-zero ambitions.

Kuwait Petroleum Corporation (KPC) CEO Sheikh Nawaf Saud Al Sabah has reshuffled the leadership of the state umbrella firm’s subsidiaries. The move comes six months after his appointment to the role (MEES, 18 March), and just weeks after a new oil minister was appointed (MEES, 21 October).

The move appears to mark the end of plans to merge some of KPC’s eight subsidiaries, all of which once again now have their own CEOs (see table). Back in February 2021, some of the subsidiaries were given the same CEOs in order to facilitate their subsequent merging, but now those plans have been ditched. Kuwait’s two domestic upstream firms, KOC and KGOC once again have separate CEOs, as do Kuwait’s two domestic downstream firms, KNPC and Kipic. (CONTINUED - 917 WORDS)