KPC NEWS

Faisal Al-Jaber Al-SabahDeputy Managing Director, Relations & IT

Dialogue

KPC

new

s

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: media@kpc.com.kw

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!

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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