Reports

Kuwait Special Edition: Crisis and Resilience in the Covid-19 Era

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The Energy Year is pleased to publish our special digital report dedicated to Kuwait under the theme of Crisis and Resilience in the Covid-19 Era. This digital edition details the strategies selected industry stakeholders in Kuwait have put in place to adapt to a new normal and navigate the effects of the coronavirus pandemic, embrace new efficiencies, keep their facilities and businesses operating, and offer maximum protection to their employees and collaborators.

In the midst of unprecedented challenges for the global energy industry, the report highlights Kuwait’s resilience, spotlighting some of the domestic and international players that are helping to propel the nation towards its future vision. Despite the dual shock of Covid-19 and the oil price drop, Kuwait’s energy industry is showing its strength. Important steps have been taken in the upstream sector, particularly in heavy oil production from the South Ratqa field. Kuwait Oil Company is not only developing new oil and gasfields, but also invigorating smaller midstream projects. Meanwhile, the landmark Al Zour refinery mega-project, set to rank among the largest refining sites in the world, is nearing completion.

The Energy Year wishes to express its strong support for all of the critical tasks carried out by the Ministry of Oil, the KPC group and all other government entities as they manage a crisis of unprecedented nature and impact. Through this special edition, we wish to salute the initiatives introduced by Kuwait’s leaders to navigate the new economic landscape and help the country emerge from this period into a sustainable future. The edition is dedicated to the legacy of Sheikh Sabah Al Ahmad Al Jaber Al Sabah.

We give our heartfelt thanks to each and every contributor to this special report for their continuous support in building the country’s resilience and its sustainable energy future.

We trust you will enjoy reading this special edition. For any questions, please do not hesitate to reach out to us at info@theenergyyear.com.

Stay safe and well!

The Energy Year team

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Featured in this report

  • Samira A. S. OMAR R&D’s central role in the recovery

    Samira A. S. OMAR

    Director General

    Kuwait Institute for Scientific Research

    R&D is important and Covid-19 cannot be solved without science, technology and innovation.
  • Critical support in the crisis

    Herbert KLAUSNER

    CEO and General Manager

    SIEMENS KUWAIT

    It is important to have the right portfolio and the right people in place to cope with crisis situations.
  • Strong private sector support in Kuwait

    Tareq QADDUMI

    CEO

    SPETCO

    A major struggle has been the balance between being empathetic towards the welfare of our employees and trying to sustain the company as a whole.
  • Ravi Varrier Al Rashed A time of rapid change

    Ravi VARRIER

    CEO

    AL RASHED INTERNATIONAL SHIPPING COMPANY

    People and companies with money in the bank can survive but need to devise a different set of management skills.
  • AL THARWA AL MUTTAHIDA GENERAL TRADING & CONTRACTING Business as usual with modifications

    Assaf AL SALEM

    Managing Director

    AL THARWA AL MUTTAHIDA GENERAL TRADING & CONTRACTING

    The IOCs and Kuwait have set a crisis budget of USD 25 per barrel.
  • OULA Abdulhussain AL SULTAN Promise in the private sector

    Abdulhussain AL SULTAN

    Chairman

    OULA

    The history of Kuwait is based on the private sector and the businessman, not the public sector.
  • Sanjay Punj Kuwait Al Muntaser Resilient and ready

    Sanjay PUNJ

    Managing Director

    AL MUNTASER TRADING & GENERAL CONTRACTING COMPANY

    I look at the opportunities in a situation like this. It tends to weed out the weaker people in the industry.

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