Kuwait Petroleum Corporation (KPC) CEO Sheikh Nawaf Saud Al Sabah has reshuffled the leadership of the state umbrella firm’s subsidiaries. The move comes six months after his appointment to the role (MEES, 18 March), and just weeks after a new oil minister was appointed (MEES, 21 October).
The move appears to mark the end of plans to merge some of KPC’s eight subsidiaries, all of which once again now have their own CEOs (see table). Back in February 2021, some of the subsidiaries were given the same CEOs in order to facilitate their subsequent merging, but now those plans have been ditched. Kuwait’s two domestic upstream firms, KOC and KGOC once again have separate CEOs, as do Kuwait’s two domestic downstream firms, KNPC and Kipic. (CONTINUED - 917 WORDS)