news 135 (en) - KPC news 145.pdf · 8 KPC NEWS Under the patronage and in the presence of CEO of...
Transcript of news 135 (en) - KPC news 145.pdf · 8 KPC NEWS Under the patronage and in the presence of CEO of...
KPC NEWS
Faisal Al-Jaber Al-SabahDeputy Managing Director, Relations & IT
Dialogue
KPC
new
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I would like to extend appreciation to KPC and its subsidiaries for their instantaneous answer HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah’s call to salvage the bereaved Syrian nation that suffers a true humanitarian tragedy which words are unable to utter. This instant interaction with the Amiri call is pride not only for the oil sector but also for the Kuwaiti nation in general.I would like further to throw light on the practical steps which KPC has taken to underpin the concepts of social responsibility which emphasize the fact that KPC social role is as important as its economic role. These practical steps are epitomized in paying field visits by Public Relations and Media Department to a number of Ministry of Education’s schools which are tasked with rehabilitating students with special needs in order to review their progress and boost KPC support to such institutions.Furthermore, I would like to extend heartfelt congratulations to HH the Amir, HH the Crown Prince and HH the Prime Minister as well as all employees in the Kuwaiti oil sector on the occasion of the national days’ celebration, imploring Allah, the Almighty, to protect our beloved homeland Kuwait and preserve its dignity and luxury by the diligent efforts of its devoted sons.
It is the pleasure of KPC News staff to extend their heartfelt gratitute to all colleagues who contributed to KPC News past issues. We will be more than happy to receive even more of your contributions and ideas which will further bolster con-structive cooperation and con-tinuous progress.
KPC News Team:Public & Media Relations Dept.
Press & Publications Section Ext. 4785 - 4789 - 4769
Fax: 24994991Email: [email protected]
ContentsContents«February 2014«February 2014
For your Opinions & Suggestions
By Al-Khat Printing Press
IssueIssue 145145
Oil Sector congratulates its new minister Al-Omair
It is the plestaff to exgratitute to
For your OpinFor your Opin44
22
1414Walnut and safety of heart
KPC NEWS2
E v e n t s
2526
Celebrate yourNational Days, Kuwait!
KPC NEWS 3
KPC NEWS4
E v e n t s
Oil Sector congratulates its new minister Al-Omair
The Minister of Oil, State Minister for
Parliament Affairs and Chairman of
KPC board of directors HE Dr. Ali Al-
Omair received on Sunday January 12,
2014 in the Diwaniya of the oil sector
the well-wishers who congratulated
him on the trust which HH the Amir
Sheikh Sabah Al-Ahmad Al-Jaber
Al-Sabah and HH the Prime Minister
Sheikh Jaber Mubarak Al-Hamad Al-
Sabah placed in him to take on the re-
sponsibility of Oil Ministry.
The reception celebration was attended
by Mr. Nizar Al-Adsani, CEO of KPC,
Managing Directors, their deputies
and CEOs of KPC’s subsidiaries
along with a large number of em-
ployees from KPC, its subsidiar-
ies and Ministry of Oil.
KPC NEWS 5
KPC NEWS6
The Chief Executive Officer of Ku-
wait Petroleum Corporation Mr.
Nizar Al-Adsani received in his
office His Excellency the ambas-
sador of the Republic of Liberia to
Kuwait Konah Blackett on Tuesday
January 21, 2014.
They tackled the latest developments
in the international oil markets; in
addition to discussing the ways of
enhancing the bilateral collabora-
tion between KPC and Liberia.
Al-Adsani receives Liberia’s ambassador
Chief Executive Officer of KPC Mr.
Nizar Al-Adsani received HE Canadi-
an ambassador to the State of Kuwait
Douglas George and the accompany-
ing delegation, in the presence of Mr.
Ali Al-Obaid, Managing Director of
Relations and Information Technology,
in his office in the oil sector’s complex
on Sunday January 26, 2014.
They tackled horizons of joint collabo-
ration and ways of enhancing relations
between KPC and the Canadian oil
companies. In addition, they discussed
the latest developments and challenges
in the oil field in order to provide com-
mon ideas to handle such challenges.
... and he receives Canada’s ambassador
E v e n t s
KPC NEWS 7
…and receives British ambassador
CEO of KPC Mr. Nizar Al-Adsani re-
ceived in his office HE the ambassa-
dor of the United Kingdom to Kuwait
Frank Baker on Thursday January 23,
2014.
They discussed horizons of common
cooperation between KPC and the
kingdom, and they highlighted the lat-
est developments and challenges in the
international oil markets.
Through workshop under CEO auspices
HR underlines its strategic goals
Under the patronage and in the pres-
ence of Chief Executive Officer of
KPC Mr. Nizar Al-Adsani, the team
in charge of implementing the strate-
gic goals of Human Resources Sector
organized a workshop to the sector’s
employees on Thursday January 23,
2014 in Boubyan Club.
The team members spotlighted the
HR strategic features and goals; in
addition, they threw light on the sec-
tor’s key plan and initiatives which
the team is currently applying, indi-
cating these initiatives are aimed to
improve performance and efficiency
of personnel.
At the end of the workshop, Al-Adsani
honored the team members for their
devoted efforts which have been put
forth in this domain.
KPC NEWS8
Under the patronage and in the
presence of CEO of Kuwait Pe-
troleum Corporation Mr. Nizar
Al-Adsani, KPC organized a chari-
table festival on Wednesday Janu-
ary 22, 2014 in its lobby to answer
the Amiri call which HH the Amir
Sheikh Sabah Al-Ahmad Al-Jaber
Al-Sabah launched to salvage the
Syrian nation.
A large number of KPC’s employees
on top of them managing directors,
their deputies and the managers of
the various departments were keen on
attending and presenting donations in
order to provide subsidies to the sons
of the bereaved Syrian nation.
Through a charitable festival under CEO patronage
KPC answers the Amiri call to salvage Syrian refugees
Syria
I n T h i s I s s u e
KPC NEWS 9
The festival included various activities among which
a public auction on a portrait donated by one of KPC’s
employees and another auction on one of the Kuwaiti
common dishes. Add to this a number of various dish-
es donated by many employees. The money collected
from these auctions were deposited in the donation
fund which is run under the supervision of Kuwait
Red Crescent Society which distributed at the end of
the festival a memorial plaque to the manager of Pub-
lic Relations and Media Mr. Mohammed Al-Zamanan
for the diligent efforts exerted by the department to
organize the festival.
KPC NEWS10
E v e n t s
Under the patronage and in the presence of Mr. Nizar Al-
Adsani, Chief Executive Officer of Kuwait Petroleum Cor-
poration, the activities of the 2nd Kuwait Enterprise Risk
Management Conference were concluded on January 8,
2014 in Missoni Hotel – Kuwait.
Al-Adsani emphasized in a speech given in the conference
that KPC is keen on applying a long-term strategy regard-
ing corporate risk management. This strategy includes sev-
eral initiatives that are aimed at improving skills and ef-
ficiency of personnel in governance,
development operations; in addition
to harnessing the latest technologies.
He indicated that KPC seeks diligently
to enhance the concepts of enterprise
risk management concepts through rec-
ognizing the latest ways applied in this
domain to use them in creating an added
value for the Kuwaiti oil sector, adding
the experts and consultants who take
part in the conference are considered a
In participation of experts and consultants from oil and banking sectors
2nd Kuwait Enterprise Risk Management Conference emphasizes the importance of best practices in decision-making process
lucrative opportunity to avail from them particularly those
who are specialized in the banking and insurance fields.
For his part, Mr. Mohammed Al-Farhoud, Managing Di-
rector of Planning and Finance Sector at KPC, confirmed
that Kuwait Petroleum Corporation and its subsidiaries are
pioneers on the territorial level in the field of applying the
enterprise risk management. In addition, the step of patron-
izing the conference has enabled it to spotlight the achieve-
ments fulfilled after applying this system on all fields.
It is worth mentioning that the 3-day conference is aimed to
apply the best practices to help support the decision-making
process; in addition to building a powerful organizational
frame that can enable the higher administration to optimize
the competitive chances through effective management of
capitals and spending money on profitable projects with
reasonable risks. Moreover, the conference highlighted sto-
ries of success as examples in this respect.
KPC NEWS 11
Kuwait Petroleum Corporation repre-
sented by Public Relations and Media
Department paid a visit to Intellectual
Education School for girls, which is
affiliated to Ministry of Education,
on Monday January 13, 2014 to be
acquainted with the latest develop-
ments in the process of furnishing and
equipping classes for the students, as
KPC gave donations to equip them as
part of the social responsibility which
it shoulders towards the civil society.
Acting Managing Director of Rela-
tions and Information Technology
Sheikh Faisal Jaber Al-Ahmad Al-
Sabah affirmed that KPC pays special
concern to the importance of enhanc-
ing the concepts of social responsibil-
ity. Consequently, it is keen on sup-
porting the institutions of the civil
society particularly the ones which
look after people with special needs
believing in the importance of this
group in the society.
To enhance concepts of social responsibility
KPC launches media campaign
For her part, Director of Intellec-
tual Education School for girls Mrs.
Naeema Al-Obaid extended her
gratitude for KPC and the infinite
support which it provides to meet
the needs of the female students as
per their needs among which the
smart screens which cope with the
nature of such education.
She indicated that KPC’s subsidy
has helped equip 12 classes in line
with the latest technologies that
cope with the mental and intellec-
tual capabilities of the students; in
addition that it takes part in devel-
oping the educational process in the
school.
It is worth mentioning that the direc-
tor along with the teaching staff ac-
companied KPC visiting delegation
during the visit to review the equip-
ment process inside the classes.
KPC NEWS12
E v e n t s
Kuwait Petroleum Corporation repre-
sented by Public Relations and Media
Department took part in the Govern-
mental Issuances and Publications Ex-
hibition which was held in Kuwait Na-
tional Library and was inaugurated by
Ali Al-Yoha hails KPC issuances
KPC takes part in Government Issuances & Publications Show
the Secretary-General of the National
Council for Culture, Arts and Letters
Ali Al-Yoha on Wednesday January 22,
2014.
Al-Yoha hailed the participation of Pub-
lic Relations and Media Department in
the exhibition which is part of the ac-
tivities of the Al-Qurain 20th Cultural
Festival particularly its various publica-
tions among which ‘Oil in Pictures’ and
‘Images & Events’.
It is noteworthy that KPC’s participa-
tion in the exhibition is among its keen-
ness to highlight its role in media field;
in addition to spotlighting its eagerness
to participate in the activities which en-
hance the concepts of social responsi-
bility.
KPC NEWS 13
Diesel Trade PatternsMiddle East Region is one of the main
net exporter regions in the World, as its
refining meets local demand and more
products are in surplus to be exported
to the outside markets. However, in
recent years there has been a transfor-
mation in the trade patterns as local
consumption is rising in response to
economic, industrial and population
growth as well as electricity consump-
tion is also expanding and especially
in Iraq, Saudi and Kuwait. Hence the
local requirement from diesel will be
growing from 300,000 BPD currently
to 600,000 BPD by 2020.
Unlike previous historical patterns, Ex-
ports from the Middle East are target-
ing various markets in bigger volumes,
it will reach 300,000 BPD into Africa
by 2020 from current levels of 200,000
BPD, and into Europe from less than
50,000 BPD now to a range between
100 – 200,000 BPD from 2020 on-
wards. However, imports into Asia will
remain low at around 200,000 BPD,
compared with historical levels with
Refining Expansion.
It is a known fact that Asia is a tradi-
tional market that absorbs the surplus
from the Middle East, but as Asia needs
are met mostly by growing new refin-
ing, Middle East Diesel have to find
new outlets which are mainly Europe
and Africa. This would mean that, only
companies that own new refining that
can yield higher valued diesel with
Spec. required by these markets are the
ones who can easily find and expand
outlets for its surplus diesel. This will
prove the importance of new projects
like clean fuel projects and new refin-
ery in Kuwait. However, any delay in
these projects would be considered a
big challenge for refiners in the future
in a competitive environment where
only refiners with flexibility will be
the distinguished ones that can have an
edge on other suppliers in the markets.
Moreover, the USA market have trans-
formed from a net importer market to a
net exporter market for diesel. This is
due to cheap light tight oil avails locally
which is being refined into high value
diesel which is in turn exported to vari-
ous markets including Europe and Lat-
in America and others. This has ensured
higher margins that made USA refiners
are the most fortunate in the world.
Despite the fact that Asian needs are de-
clining from diesel with new complex
refiners, but there will be some main
markets in Asia are very important in
diesel trade. These would include Indo-
nesia, Vietnam, Bangladesh, Pakistan.
Meeting future spec in all markets in
line with clean environment, will be
the vital means and tactic to be com-
petent in the future to be able to meet
challenges. This trend includes to get
rid of the Sulphur in diesel output. Such
refiners will have the best prices and
opportunities in the market.
Market analysts identify some further
market that can represents an impor-
tant strategic opportunities for Ara-
bian Gulf Countries like Brazil, Mex-
ico, Australia, Philippines, Egypt, and
South Africa.
Mohammed Al-Shatti
Manager - Coordination and
Follow Up - Deputy Chairman
and Chief Executive Office
KPC NEWS14
H e a l t h
A recent study conducted by Faculty
of Nutrition, Suez Canal University
proved that having a quantity of wal-
nut – nearly the amount which one’s
palm can contain – after each meal
helps control the harm influences of
the fatty food against blood vessels.
Moreover, Dr. Emilio Rous, Head
of Fat Clinic at one of Barcelona’s
hospital in Spain conducted a study
on 42 adults who do not smoke and
enjoy normal blood pressure. He di-
vided randomly this number into two
groups; half of them suffer from a
somewhat high cholesterol levels;
whereas the other half enjoys normal
levels of cholesterol. He provided the
two groups with two meals; each of
them is served with sandwiches of
white bread stuffed with cheese, a
cup of full fat yogurt and four small
spoons of olive oil and 8 seeds of wal-
nuts.
The results of this study proved that
walnut and olive oil managed to re-
duce the percentage of immediate oxi-
dation and congestion of blood vessel
which take place after having meals
full of fats that lead to blocking the ar-
teries and causing cardiac diseases. In
addition, the amount of walnut which
was served with the meal helped keep
the flexibility and smoothness of the
blood vessels and arteries; moreover,
this amount of walnut reduced the
percentage of cholesterol in blood.
In fact, the scientific studies which
are incessantly conducted on walnut
prove that the latter is as important
as olive oil. They indicated also that
the flexible arteries may expand when
the body needs to increase the level of
pumping blood in vessels.
Dr. Rous clarified in a report pub-
lished in the bulletin of American
College for Cardiac Medicine that the
high percentage of fat which is avail-
able in meals causes inflammation
which reduces the flexibility of arter-
ies. However, having walnuts protects
from such inflammation; the matter
makes more flexibility; accordingly,
this lead to increasing the level of
pumping blood all over the body and
reducing the chances of being infected
with cholesterol.
Walnut and safety of heart
KPC NEWS 15
Hot drinks and safe calories
In winter we need to have food and drinks which provide
the body with energy. In this season, the desire to have
fatty food which produces energy increases to provide
the body with high calories to warm the body; the matter
leads to increasing the weight undesirably.
In this context, nutrition experts advise having some
hot drinks in winter to increase protoplasm and keep the
body’s proper weight. These hot drinks include what fol-
lows:
1- Ginger
Despite its acrid taste, ginger is considered one of the
best hot drinks particularly in winter, as it produces the
energy which is required to warm the body. Add to this
the fact that it helps the body to give up the surplus calo-
ries; besides dissolving the accumulated fats and increas-
ing the rate of metabolism in the body.
It is distinguished with sharp odor which is used to fortify
the immunity system and get rid of poisons from the body
and relieve tension and headache. It is possible to add
sugar or honey to ginger to reduce the taste of acridness.
2- Hot chocolate
Cacao is distinguished with its delectable fatty taste. It
provides the body with low calories particularly when it
is served with low fat milk. Doctors advise having a cup
of cacao with breakfast meal daily in winter to provide
the body with energy; in addition, it is tasty and rich with
flavonols.
3- Hot herbal drinks
Some common hot drinks are preferable in winter among
which anise and mint that help to warm the body and
provide it with psychological tranquility which resists
the melancholy of winter which commonly hit people in
winter.
4- Lemon drink
Doctors advise drinking boiled lemon in winter be-
cause it is rich with vitamin C which resists diseases and
strengthens the immunity system; in addition to increas-
ing the rate of metabolism. Brown sugar or honey can
be added to lemon drink to get more energy and sweeten
its taste.
KPC NEWS16
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Congratulations!
K P C S O C I E T Y
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Abdullah AbdulkareemMarine
Fajer Al-HajiriPlanning & Career Development
Abdullah Al-TamemiPublic & Media Relations
Abdullah Al-Ajeel Bunker Sales, Fuel Oil/Special
Products
Sarah Al-QamesSupply Operations
Abdulaziz Al-RashidiService & Commercial
Ali Al-MutawaMarket Reseach
Ghadeer Al-EniziMarket Research
Abdullah Al-RujaibCorporate Internal Audit KNPC Unit
Manal JoumaaPlanning & Career Development
Mohammad Al-NaqiRisk Management
Nada Al-AsousiInformation Technology
Nouda Al-Otaibi Corporate Internal Audit Technical
Support & IT
Ahmad Al-Qouba Group Finance Budget &
Consolidation
Maali Al-HajeriStrategic Planning Department
Riadh Al-ShattiService & Commercial
Fajer Al-RifaeNaphtha /Mogas/ LPG Sales
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New Appointments
Wafa’a Al-AbduljaderService & Commercial
.Hashem Al-Hidar
KPC Head Office Finance
.Abdullah Al-Sultan
Service & Commercial