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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