Kuwait unites oil giants: Merger of KNPC, KIPIC begins
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Kuwait starts merging state oil companies to cut costs
Kuwait has 8 state oil companies Four KPC subsidiaries to merge Target of 4 million bpd of oil Opec producer Kuwait has started to merge its state oil companies to reduce their number, improve efficiency and trim costs, according to the official news agency, Kuna. The Kuwait National Petroleum Company (KNPC), the Gulf emirate’s downstream investment arm, has started to take over the Kuwait Integrated Petroleum Industries Company (KIPIC), which m…
KNPC begins integration of KIPIC to boost sector efficiency and growth - Times Kuwait
The Kuwait National Petroleum Company (KNPC) announced on Tuesday that steps have been taken to fully integrate the Kuwait Integrated Petroleum Industries Company (KIPIC) to enhance cooperation and integration among the Kuwaiti oil sector companies, aligning their efforts based on their specializations. CEO Wadha Al-Khatib said the merger is being conducted on legal and professional grounds as part of the Kuwait Petroleum Corporation’s broader r…
Kuwait National Petroleum Company (KNPC) announced on Tuesday the commencement of executive steps to fully integrate the Kuwait Integrated Petroleum Industries Company (KIPIC). The company's CEO, President...
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