Strategic Directions of KPC & Subsidiaries:

Corporate Directions:

  • Implement and maintain world-class standards of operational excellence, to achieve a sustainable leadership position in the Oil & Gas industry
  • Continuously optimize the portfolio to capitalize on opportunities and rationalize non-core and unprofitable assets.
  • 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.
  • Develop a digital strategy and implement a digital transformation framework to achieve operational excellence.

Domestic Upstream:

  • Achieve sustainable crude oil production capacity in the State of Kuwait (including Divided Zone) up to 4.0 MMBPD in 2035 and maintain it up to 2040.
  • Achieve sustainable Non-Associated Gas production in the State of Kuwait (including Divided Zone) up to 2.0 BSCFD by 2040.

International Upstream:

  • 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.

Domestic Downstream:

  • Achieve up to 1.6 MMBPD domestic refining capacity by 2025 with maximum conversion capabilities while ensuring maximum offtake of domestic heavy oil and meeting local energy demand.
  • Maximize integration of refining and petrochemical operations domestically.
  • Explore partnership in domestic refining to enhance operational excellence, efficiency and reliability.
  • Participate with private sector in meeting domestic fuel retail demand while fostering competition and enhancing private sector participation.​

International Downstream:

  • Pursue, through partnerships/alliances with international partners, economically viable investment opportunities taking into consideration capacity of disposal of 425 MBPD of Kuwaiti crudes in high-growth promising markets by 2025, and additional volume up to 300 MBPD (when materialized)
  • Sustain and optimize current European retail portfolio and expand in high-growth promising markets.

Petrochemicals:

  • Expand base petrochemical inside and outside the State of Kuwait to achieve leading position globally, through achieving 14.5 Mtpa by 2040.
  • Expand into downstream derivatives linked to base petrochemicals production, inside and outside the State of Kuwait, through achieving 1.2 Mtpa by 2040, while achieving 15% of total equity capacity additions domestically by 2040.

International Marketing:

  • Maximize the value of Kuwaiti hydrocarbons through disposal in secure long-term and diverse outlets.
  • Develop asset-backed trading business to maximize Kuwaiti hydrocarbons value, while actively managing market/price risks.

Shipping:

  • Ensure meeting long term strategic cover and KPC marketing requirements of crude oil, refined products and LPG carriers in-line with KPC's production plans, and via the most economical means.

Human Resources:

  • Become a partner to KPC's Subsidiaries businesses by providing tailored HR services focused on strategic needs and people development.

Health, Safety, Security, and Environment:

  • Achieve world class HSSE performance by applying the most stringent HSSE standards and regulations wherever KPC operates
  • Fulfil KPC's share of Kuwait's Greenhouse Gas Management commitments

 

Research & Technology:

  • Build and maintain R&T skills, capabilities and infrastructure aligned with business needs through a physical R&T center and collaborations with strategic partners.​

Finance:

  • Become a partner to KPC & its Subsidiaries by adopting leading financial practices and standards to deliver high quality and efficient services to stakeholders. 
  • Develop corporate finance capabilities and tools to best manage financing requirements and capital allocations.

Enterprise Risk Management:

  • Promote a risk aware culture, and fully embed and enforce risk based processes and procedures.

Information Technology:

  • Adopt common best practice cyber security standards and procedures across KPC and protect the sector from cyber attack
  • Efficiently support Operational Technologies via common infrastructure and standardized policies and procedures

Communications:

  • Proactively promote KPC's brand and image, and establish and deliver a group-wide, Kuwait Corporate Social Responsibility program.

Private Sector Participation Development:

  • Leverage refining and petrochemical businesses to deliver Downstream manufacturing opportunities to the private sector inside the State of Kuwait.
  • Enhance private sector participation in KPC existing and future activities/investments.

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​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.


Domestic Upstream
Achieve sustainable crude oil production capacities in the State of Kuwait 4.0 MM bpd by 2020 and maintain through 2030
Achieve sustainable non-associated gas production capacities in the State of Kuwait 2.5 Bcf/d by 2030
Compensate for produced Hydrocarbons by annually adding proven reserve through improvement of hydrocarbons recovery from existing reservoirs and pursue an aggressive onshore and offshore exploration program to compensate for the 3-years average hydrocarbons production in order to meet the needs of future production targets (100% Reserve Replacement Ratio).


Domestic Downstream
Grow KPC domestic refining capacity up to 1.4 MM bpd in the medium term
Maximize conversion complexity of KPC domestic refineries, while meeting local energy demand
Provide petroleum products that meet domestic energy requirements and international market needs in terms of quantity and quality


International Upstream
Achieve crude oil and gas production outside Kuwait of 200 MBOEPD by 2020 and maintain through 2030 and reserves of 650 MMBOE by 2020 and maintain through 2030
Give preference for investments which facilitate technology and capability transfer between domestic and international upstream businesses
Become operator of international upstream assets by reaching 20% operatorship by 2030


International Downstream
Grow KPC international refining capacity while ensuring secure outlet for 800 mbpd by 2020 of Kuwaiti hydrocarbon
Enter into economically viable investment opportunities through partnership with an international partner or alliance with oil company, focusing on high growth market, specifically Asia
Divest unprofitable investments that do not provide acceptable returns in the short term in Europe and merge current operations with competitors operations through JV(s)/partnership(s) to improve performance


Petrochemicals
Pursue growth in petrochemical core business inside and outside the State of Kuwait by new builds or acquisitions to maintain leading position in the high growth Olefins and Aromatics products through partnerships, with a focus on Asia and other emerging markets
Maximize value-added integration between petrochemicals and KPC’s operations inside and outside the State of Kuwait


Transportation
Maintain the size and the configuration of the fleet that meet long-term strategic cover and KPC marketing requirements for crude oil, petroleum products and LPG in-line with targeted domestic production


Midstream
Maximize the value of Kuwaiti hydrocarbons in secure, long-term, and diverse outlets
Improve the value chain optimization of KPC’s operations


Enabling Function
Increase attraction and retention of talent through creation of working environment that encourage highest employee satisfaction, loyalty and engagement
Achieve world class HSSE performance
Build capabilities for conducting R&D programs and technology development and deployment related to KPC’s activities, including establishing a multi-partner international petroleum research center
Provide guidance and analysis for planning on optimal funding/capital allocation
Implement risk management best practices in all activities related to KPC businesses
Pursue the integration of common systems to establish a global information architecture model and focus on strategic IT activities/services
Proactively improve and manage KPC’s corporate identity and image, represent its interests domestically and internationally
Maximize Corporate Social Responsibility (CSR) domestically and internationally
Develop a cohesive and comprehensive program to strengthen KPC role in local economy development
Enhance private sector contribution in KPC’s activities/investments

KPC Contact Information

Tel: +(965) 1 85 85 85
P.O. Box: 26565,
Postal Code: No. 13126, Safat, Kuwait

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