on a unified global level
Strategy 2040 aims to enhance KPC and its subsidiaries reputation.
Kuwait Petroleum Corporation’s Strategy 2040 will aim to enhance KPC and its subsidiaries reputation by providing proactive services to our stakeholders on a unified global level. This is accomplished by ensuring the corporate’s set directions are achieved, to meet the state of Kuwait’s current and future energy demands. The activities of KPC are focused on petroleum exploration, production, petrochemicals, refining, marketing, and transportation. We at KPC strive to manage and operate these integrated activities worldwide in the most efficient and professional manner, in addition to growing shareholder value whilst ensuring the optimum exploitation of Kuwait’s hydrocarbon resources.
The sector-level strategic plans were created based on the themes of the KPC 2040 Strategic Directions to progress towards its vision and fulfill its goals.
Sustainable Leadership Position
Implement and maintain world-class standards of operational excellence, to achieve a sustainable leadership position in the oil & gas industry.
Optimize the Portfolio
Continuously optimize the portfolio to capitalize on opportunities and rationalize non-core and unprofitable assets.
Current and Future Energy
Meet the State of Kuwait’s current and future energy demand by providing an economically and environmentally friendly mix of fuels as well as strategic backup.
Utilize alternative, renewable, and other energy sources when it adds value to KPC businesses.
Achieving Operational Excellence
Develop a digital strategy and implement a digital transformation framework to achieve operational excellence.
- Improve and optimize current portfolio to ensure operational excellence and maximize financial returns to KPC.
- Pursue selective attractive acquisitions opportunities partnering with major oil companies, that strategically complement current portfolio and increase overall portfolio returns to KPC.
- Support capability development of Domestic Upstream through training/secondment into International Upstream JVs Operating Companies.