Al-Roumi: Quebec and National Petroleum Merge to Restructure Oil Sector
Oil Minister Tareq Al-Rumaithi confirmed that the merger of KIPIC with Kuwait National Petroleum Company represents a significant milestone in the journey of Kuwait's oil sector. It is a strategic step within the comprehensive restructuring project of the industry. The aim of this merger is to enhance integration across exploration, production, refining, and petrochemicals, improve operational efficiency, and develop human resources, thereby enabling the sector to adapt and compete more flexibly and sustainably. It also contributes to supporting Kuwait's Vision 2040 and strengthening its position as a leading energy hub regionally and internationally.
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