Kuwait Times, Tuesday, Sep 19, 2023 | Rabi Al-Awwal 4, 1445
KPC, OAPEC sign MoU on research cooperation
The Kuwait Petroleum Corporation (KPC) and
the Organization of Arab Petroleum Exporting Countries (OAPEC) on Monday signed
a memorandum of understanding to enhance scientific, research, and technical
cooperation, exchange experiences, and achieve mutual benefit between the two
parties. The objectives of the memorandum are to cooperate jointly between the
two parties to exchange experiences and best practices between them, in addition
to enhancing and building technical capabilities and expertise.
The memorandum also aims to encourage awareness of technological development,
create collaborative research and development projects, constantly keep abreast
of the latest innovations and related technical achievements, and enhance the
utilization of existing technical projects at the Petroleum Corporation Kuwait.
The statement quoted the CEO of Kuwait Petroleum Corporation, Sheikh Nawaf Saud
Al-Nasser Al-Sabah, stressing that the corporation’s efforts continue to build
its capabilities and potential in the field of research and development.
Sheikh Nawaf Al-Sabah stressed the corporation’s keenness to cooperate with its
strategic partners and international oil organizations that have proven their
worth in the research field, such as OAPEC, saying, “From this memorandum of
understanding, the journey of progress and mutual benefit with OAPEC continues
to push our oil industry forward.
For his part, OAPEC Secretary General Jamal Al- LOUGHANI praised, according to
the statement, the efforts exerted by the Kuwait Petroleum Corporation in order
to enhance cooperation with the organization, which is based in Kuwait, which
has been its permanent headquarters since its establishment in 1968.
He stressed that the organization will spare no effort to put all the provisions
of the agreement into actual implementation for the benefit of both parties.
Kuwait Petroleum Corporation (KPC) was represented during the signing of the
memorandum of understanding by Deputy Chairman and CEO Sheikh Nawaf Saud
Al-Nasser Al-Sabah, while OAPEC was represented by Secretary General Jamal Al-