Nawaf Al Saud predicts 2.15bn dinars profit for Petroleum Corp in 2025-2026
The CEO of Kuwait Petroleum Corporation, Sheikh Nawal Saoud, confirmed that the company's profits for the fiscal year ending March 31, 2026, reached approximately 2.155 billion Kuwaiti dinars, surpassing the results of the previous three years despite significant challenges faced by the oil sector. These challenges included Iranian assaults on refineries, oil tankers, and production facilities. He pointed out that these achievements were realized under the most difficult conditions since Iraq's invasion of Kuwait in 1990, emphasizing the resilience and dedication of the sector's workers in safeguarding national assets. The corporation also highlighted accomplishments such as progress in offshore exploration projects, expanded global market presence, and the launch of major strategic initiatives, including the Al-Shuheen project, which is considered the largest foreign investment in Kuwait's history, along with steps to restructure the sector to enhance integration and increase added value. These results reaffirm that the oil industry remains a key force supporting Kuwait's economy despite the challenges, and that its personnel symbolize patriotism and resilience.
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