Finance Sector revives the proposal of“We never accept but leadership”

Issue 152

KPC NEWS

Faisal Jaber Al-Ahmad Al-SabahDeputy Managing Director, Relations & IT

I would like to extend my pleasure over the ostensible success which KPC recent blood donation campaign has achieved. This campaign which is entitled “Donate and save a life” epitomized the principle of actual partnership and collaboration between KPC and the various government authorities. In addition, it has demonstrated the principle of altruism which the employees of the Kuwaiti oil sector adopts. This principle is embodied in each activity or task they shoulder starting from their diligent efforts in exploration, production, and refining fields besides the field of exporting to reinforce the status of the State of Kuwait as a major reliable oil exporter. This campaign has further epitomized our belief in the importance of applying the concepts of social responsibility which have become one of the necessary supports in societies, as they are considered effective ways to accomplish individual and social progress. In addition, the actual value of an individual in his society is estimated by his commitment to the responsibility that he undertakes towards himself and others. The social responsibility means the individual’s awareness towards the personal and social duty, as such awareness is key pivot in the concepts of social responsibility.Indisputably, the key of success and growth of any economic institution is adherently linked to the ability of realizing the importance of the social responsibility which is in turn connected to a number of sublime humanitarian values and criteria among which solidarity and patriotism towards any activity related to the corporation. Consequently, we hope to put forth more diligent effort to optimize this humanitarian value which is a cornerstone in the development and prosperity of the corporation.

Dialogue

KPCn

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KPC NEWS

Issue 152Contents «September 2014

KPC News Team:Public & Media Relations Dept.

Press & Publications Section Ext. 4785 - 4789 - 4769

Fax: 24994991Email: media@kpc.com.kw

By

It is the pleasure of KPC News staff to extend their heartfelt gratitute to all colleagues who contributed to KPC News past issues. We will be more than happy to receive even more of your contributions and ideas which will further bolster con-structive cooperation and con-tinuous progress.

For your Opinions & Suggestions

MissionKuwait Petroleum Corporation (KPC) is a corporation of economic character, run on a commercial basis and fully owned by the State. It is one of the world’s major oil & gas companies and its activities are focused on petroleum exploration and production, refining, marketing, petrochemicals, and transport. KPC’s mission is to manage and operate these integrated activities worldwide in the most efficient and professional manner, in addition to growing shareholder value whilst ensuring the optimum exploitation of Kuwait hydrocarbon resources.

VisionKPC future vision is based on the following items:• Be a highly profitable and performance

driven company.• Contribute significantly to the support and

development of the Kuwaiti economy.• Strengthen the world class reputation of all

KPC operations.• Encourage continuous learning in all areas

related to KPC’s business.• Become a regional leader in HSE

performance and apply the latest and the most appropriate technologies in KPC’s operations.

ValuesKPC seeks diligently to accomplish a number of values as follows:• Motivating Environment• Customer Satisfaction• Teamwork• Trust• Commitment to HSE• Honesty, Integrity and Transparency• Quality and Excellence• Innovation/ Responsiveness

Al-Omair receives well-wishers in oilsector’s complex

Al-Omair meets with Yemeni Undersecretary of Oil and Minerals Ministry

KPC keeps supporting Blood Bank

Ali Al-Obaid: Sponsoring Diving Expedition reflects deep belief in necessarily applying concepts of social responsibility

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E v e n t s

Al-Omair receives well-wishers in oil sector’s complexHis Excellency Minister of Oil, State Minister for Parlia-ment Affairs, and Chairman of KPC board of directors Dr. Ali Saleh Al-Omair received well-wishers from the Kuwaiti

oil sector on top of them Mr. Nizar Al-Adsani, CEO of KPC, CEOs of the Kuwaiti oil companies, their deputies and man-agers along with dignitaries and media practitioners in the

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Diwaniya of the oil sector’s complex on Sunday August 3, 2014 on the occasion of Eid Al-Fitr.

The minister personally welcomed the attendees and ex-changed congratulations and cordial talks with them.

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E v e n t s

It includes members of Kuwaiti-Yemeni joint technical committee

Al-Omair meets with Yemeni Undersecretary of Oil and Minerals Ministry

His Excellency Minister of Oil, State Minister for Parlia-ment Affairs and Chairman of KPC board of directors Dr. Ali Al-Omair met in his office on Tuesday August 19, 2014 with His Excellency Yemeni Undersecretary of Oil and Minerals Ministry Shawki Al-Mekhlaf and the accompany-ing delegations.The meeting which extended to some hours tackled the hori-zons of common collaboration between the two countries; in addition to the ways of reinforcing Kuwait Petroleum Corpo-ration’s (KPC) investments in Yemen and the future vision of

developing the bilateral relations between the countries. The meeting highlighted also a number of developments and chal-lenges on the oil arena, and common viewpoints in this domain.It is worth mentioning that members of the Kuwaiti-Yemeni Join Technical Committee attended the meeting. Moreover, Mr. Waleed Al-Bader, Acting Managing Director of Interna-tional Marketing Sector at KPC, Ms. Nawal Al-Fezai, As-sistant Undersecretary for Economic Affairs at Ministry of Oil, and a number of officials from the Kuwaiti oil sector represented the Kuwaiti side during the meeting.

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Friendly atmospheres in oil sector’s Ramadan Ghabqa Bouresli recieves South Korean Counsellor of Economic & Commercial Affairs

…and he receives Mexico’s ambassador

Mr. Nabil Bouresli, Acting Chief Executive Officer of KPC, received His Excellency Kim Hunjung, Counsellor of Eco-nomic and Commercial Affairs at the embassy of the Republic of South Korea in Kuwait on Sunday August 17, 2014.

Mr. Nabil Bouresli, Acting Chief Executive Officer of KPC, received in his office His Excellency Carlos Alberto Gonza-les, ambassador of Mexico to the State of Kuwait, on Tues-day August 19, 2014.

They exchanged viewpoints regarding several economic issues of mutual concern; in addition, they tackled the positions of the international oil market and ways of underpinning bilateral collaboration between the two the countries in oil and gas field.

They tackled ways of underpinning bilateral relations in oil and gas field; in addition, they discussed the positions of the international oil market.

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I n t e r n a t i o n a l M a r k e t i n g

Kuwait’s oil exports increased by 100% for 10 years

Nasser Al-Mudhaf: It is a strategic contract…China is our new market

Kuwait Petroleum Corporation has recently signed a strate-gic contract with China International Petroleum Co to pro-vide the latter with 300,000 bpd of crude oil for ten years starting August 2014.Mr. Nasser Al-Mudhaf, Managing Director of International Marketing Sector at KPC, said this contract comes into ef-fect instead of the old contract which obligated Kuwait to export nearly from 160,000 up to 170,000 bpd to China. He emphasized that this new contract is strategic and it is signed in a timely manner since it is the first contract endorsed in liaison with ‘C & F” system which necessitates using the Kuwaiti tankers to transport the Kuwaiti crude oil to China; the matter will ease the processes of operation, production and export.

He indicated that the contract is approved in accordance with the commercial conditions, which guarantee KPC rights, and the international oil prices, clarifying that the contract is the first of its kind in terms of the long-term con-tracts which China legally licenses. Thus, KPC is consid-ered the first oil company signs such kind of contracts with the Chinese government. “The changes have occurred in the oil markets which Ku-wait used to export crude oil through “C & F” system made these markets almost closed. Accordingly, KPC sought to acquire new investment opportunities,” noted he.He further added that China is our new market; therefore KPC has put it on the top of the list of its priorities; thus, this contract is considered one of the most important crude oil contracts for the corporation.”

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While receiving delegation from Brazilian-based Vale Co

Salah Al-Sabah: We're proud of being the first GCC oil institution penetrating the Brazilian untraditional marketMr. Emad Al-Abdulkarim, Deputy Managing Director of International Marketing Sector at KPC, received a delega-tion from Brazilian-based Vale Company, which is consid-ered one of the biggest Brazilian companies in terms of con-suming sulfur locally, on Thursday August 21, 2014 in the presence of a number of employees from the sector.For his part, Sheikh Salah Al-Sabah, Manager of Fuel Oil, Special Products and Bunker Sales, declared that the con-tract, which International Marketing Sector signed with Vale Co to provide the latter with sulfur, is classified among the contracts of “challenge”, as it managed to open new markets for the Kuwaiti petroleum products. He added that KPC, thanks to such contract, is considered the first Gulf company that penetrates the oil markets of Latin America. He emphasized that such contract, which was signed with

Vale Co in April, 2013, is the fruit of diligent efforts exerted devotedly by the sector’s employees who managed to con-vince the representatives of Vale with the high quality of the Kuwaiti products and its fair prices. The visit is in response to an invitation submitted to Vale Co to be acquainted with the latest developments in the Kuwaiti oil industry; in addition to allotting future visions to boost the bilateral collaboration between KPC and Vale Co par-ticularly under the difference of administrative and financial systems of KPC and Vale Co.It is worth mentioning that Vale Co is a global mining com-pany, and it is the second largest nickel producer in the world. It produces also copper, coal, fertilizers, manganese, iron core, cobalt and platinum group metals. It is further in-vesting in logistics and energy.

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I n T h i s I s s u e

Finance Sector revives the proposal of “We never accept but leadership”

Majid Al-Otaibi:We conduct analytic studies for the existing activities in Finance Affairs Sector to improve performance and productivity

It is not easy for any institution to achieve leadership in its field because this objective necessitates adopting several procedures among which developing the administrative and financial systems which are applied in these institutions and corporations. As Kuwait Petroleum Corporation is one of the big companies which look forward to boosting its status in all fields, the Managing Director of Finance and Admin-istrative Affairs Sector at KPC decided in 2008 to launch a proposal entitled “We never accept but leadership” to im-prove the level of the sector’s performance.Accordingly, a team was formed from the sector’s employ-ees as per the administrative decision no 9/2008 which was issued on March 9, 2008. The team is tasked with reviewing the work system of each department of the sector; besides identifying the points of weakness and strength in byelaws and regulations to pave the way to allotting appropriate so-lutions to handle them and improve performance and pro-ductivity of the sector.The team immediately commenced its duties and achieved them efficiently, and then it issued on June 15, 2008 its report in which it submitted a number of commendations which help achieve the sector’s goals. In addition, it launched an electronic website to highlight the achievements which have been fulfilled at that time.After separating Administrative Affairs from Finance, Man-aging Director of Finance issued the administrative decision no 1/2014 to form a team headed by Mr. Majid Al-Otaibi,

Manager of developing the private sector’s participation so as to resume the proposal of “We never accept but leader-ship” and implement the commendations posed by the com-mittee which was formed in 2008.It is worth mentioning that the team includes in its mem-bership Mrs. Maisem Al-Ghanim, Team Leader of Budget and Group Report, Mr. Faisal Karkari, Senior Analyst of Development and Financial Support, and Mr. Bader Al-Wazan, Senior Analyst of Risk. It also includes Mr. Nasser Al-Enezi, Senior Analyst of Budget and Group Reports, Mr. Sa’ed Awadh, Senior Analyst of Investment Portfolios, and Mr. Saad Al-Hassawi, Accountant of Public Accounts.With reference to the team which is tasked with studying the activities of Finance Sector and its goals, Mr. Majid Al-Otaibi said that the key goal of forming such team is to improve the performance and productivity of the sector to achieve leadership and excellence leaning on the positive results of the first phase of the proposal.As for the specifications of the team and tasks which it un-dertakes, Al-Otaibi clarified that the team is in charge of ful-filling the following tasks:• Reviewing the activities of each group and put them in

order in terms of priority to handle them.• Identifying the points of weakness and shortage in each activity.• Allotting appropriate visions and solutions to handle these

points of weakness and shortage to improve performance and productivity.

KPC NEWS 9

• Launching a media campaign to increase awareness on the project through conducting workshops and introductory bulletins.

He pointed out that the team started holding its meetings weekly on May 22, 2014; in addition, it tackled the plans which have been allotted to achieve the required tasks, add-ing the team held a number of symposiums in participation with managers of the sector’s various departments and team leaders of each department. These symposiums yielded a number of important results that will take part in developing and improving performance of the sector and its departments.As for the procedures that the team has followed up, Al-Otaibi summed them up in the following points:• The team reviewed accurately the previous commenda-

tions which included Finance and Administrative Affairs Sector at that time.

• It identified the commendations which Finance Sector has to carry out directly.

• It focused on the commendations that help Finance Sector to achieve leadership in its activities and services which it provides perfectly.

• It modified the team’s slogan ‘We never accept but leader-ship’ and generalized it to the sector’s employees to use in all internal correspondences, publications and pamphlets

which are issued by the departments which are affiliated to Finance Affairs Sector.

• It activated the email service – reyada@kpc.com.kw – to receive suggestions from KPC employees to improve and develop services.

• It activated also its website which includes all correspon-dences and reports; i.e., http://cisweb.kpc.com.kw/person-al/kih/RiyadaMedia/default.aspx

New commendationsAl-Otaibi emphasized that the team is currently preparing reports and allotting commendations that will include a number of the aforementioned commendations besides the new ones which yielded from the meetings which were held among the various departments of Finance Sector which shoulder the responsibility of applying them. The team was keen on putting the commendations in order as follows:• Training and developing employees• Media and the latest developments taking place in the sector• Follow-up procedures• Improving channels of communication• Restructure of the sector• The required support

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E v e n t s

Entitled ‘Donate and save a life’

KPC keeps supporting Blood BankKuwait Petroleum Corporation represented by Health, Safe-ty, Security and Environment Department organized a blood donation campaign entitled ‘Donate and save a life’ in col-laboration with Blood Bank on Tuesday August 26, 2014 in the complex of the oil sector. The campaign reflects the corporation’s belief in its effective role in the civil society and the social responsibility which it undertakes in this domain. In addition, this campaign is part of the series of blood donation campaigns which KPC

launched earlier to meet the shortage in blood stock in the bank.For her part, Mrs. Asmaa Al-Qallaf, Manager of HSSE, em-phasized that the campaign answers the call of duty to increase the stock of the reserved quantities of blood in the bank, in-dicating they coordinated completely with the concerned of-ficials in the bank to organize such campaign. She also hailed the positive interaction of employees with such humanitarian activity which helps rescue the lives of many people.

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Al-Qallaf further indicated that the campaign reflects the re-liability of the oil sector’s employees to shoulder such social responsibility; in addition, it reflects their belief in its con-

cepts towards the civil society; the matter helps accomplish the sustainable development which KPC seeks to achieve.

KPC NEWS12

E v e n t s

It was held under patronage of HH the Amir

Ali Al-Obaid: Sponsoring Diving Expedition reflects deep belief in necessarily applying concepts of social responsibility

The activities of the 26th Diving Expedition, which was organized under the patronage of HH the Amir Sheikh Sa-bah Al-Ahmad Al-Jaber Al-Sabah by Kuwait Marine Club, were concluded on Thursday August 21, 2014. Several gov-ernment authorities and institutions among which Kuwait Petroleum Corporation (KPC) took part in sponsoring the 26th diving expedition whose activities were launched on Sunday August 14, 2014. The concluding celebration of ‘Al-Qefal Day’ was started with a welcoming speech given by Minister of Social Af-fairs and Labor, State Minister for Planning and Develop-ment Affairs Hend Al-Subaih, who represented HH the Amir in the celebration. She hoped Kuwait Marine Club to keep organizing this journey to commemorate the heritage of fathers and ancestors.

She further extended appreciation to the Gulf delegations that participated in the journey particularly youth, hailing the diligent efforts exerted by the concerned officials of Ku-wait Marine Club and the sponsors of the expedition. Meanwhile, Mr. Ali Al-Obaid, Managing Director of Relations and Information Technology Sector at KPC, said, “KPC’s par-ticipation in patronizing the diving expedition is stemmed from its belief in the necessity of supporting all activities which serve the civil society particularly the ones which help develop and improve the skills and abilities of youth.”He further indicated that KPC has taken several consider-able steps to accomplish the concepts of social responsibil-ity which help fulfill the sustainable development.It is worth mentioning that an exhibition for pictures of youth sailors and some ancient tools of fishing was held on the sideline of the celebration.

KPC NEWS 13

On the occasion of their retirement

Public Relations & Media honors two of its staff

…and Legal Affairs says farewell to Jyothi

Public Relations and Media Department at Kuwait Petro-leum Corporation held an honoring celeberation for Mr. Naeem Saad, Data Entry staff, and Mrs. Eghar Omqi, Press and Publications Secretary at the department, on Tuesday August 5, 2014 on the occasion of their retirement.A large number of employees from the department were

Legal Affairs Department at Kuwait Petroleum Corporation held a farewell celebration on Monday August 25, 2014 to Jyothi Jayakumar, Assistant Administrator I at the depart-ment on the occasion of her retirement.The honoree extended appreciation to her colleagues in the

keen on attending the celebration which was held in the meeting room of the department.For their part, the honorees extended their gratitude and de-light over the period they spend in KPC among the family atmosphere and collaboration which they felt with their col-leagues in the department.

department and all KPC employees thanks to the good treat-ment which she received during her work journey in the corporation.The attendees hoped Jayakumar to achieve more success and progress in her new life.

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F o r Y o u r H e a l t h

It is most common kind of cancer among women in the world

Breast cancer: Prevention & Control

Breast cancer is on top of the list of cancers which hit wom-en in both the developed and developing countries; how-ever, its percentage increases ostensibly in the developing countries due to the constructional expansion and the un-healthy ways of nutrition as well as the unhealthy lifestyle which people adopt.Breast cancer is common among women more than men due to the numerous disorders that take place in woman’s hormones. Although 90% of infection with breast cancer is benign tumor, the remaining percentage is crucial as it jeop-ardizes a considerable number of women all over the world. In addition, scientific studies revealed that the percentage of infecting with such disease for men and women is 1 to 200 respectively. Moreover, one woman among ten is en-dangered with such disease.The hazard of cancer lies in the fact that it is fast spreadable and it does not have symptoms as the infected cells grow and multiply in an uncontrollable way. However, scientists

discover daily several kinds of treatments and protective procedures for this awesome disease. It is worth mentioning that genes are considered key reason for being infected with such disease particularly women who have family history with the disease. Therefore, it is neces-sary to prioritize the medical follow-up periodically besides adopting a proper healthy diet. There are also other reasons that increase the possibility of being infected with breast can-cer for women whether those who have family history with the disease or other cases. Definitely, pregnancy after 30 for women, neglecting the natural breastfeeding, obesity and fac-ing radiation, the period of women which appears before the age of 12 or having it after 50 are key reasons that increase the opportunity of infection with the disease. Add to this the bad habits of nutrition particularly the meals which are full of fats.However, the early discovery of the disease helps overcome it whether through medical treatment, surgical interference, radiation, chemical or hormone treatment.

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KPC NEWS 15

Five habits should be given up before it is too late!

Health is priceless gift which patients can only appreciate. Therefore, Islam has paid special concern to man’s health; in addition, it has considered it precious blessing which Al-lah, the Almighty, has granted to mankind after the blessing of Islam.To protect this gift and provide a healthy society void of diseases, KPC Newsletter team presents a number of bad habits that man should give up to enjoy healthy lifestyle as follows:• Insufficient amount of sleep: Studies clarified that the

average of hours which adult person should sleep is be-tween 7-9 hours, stressing that such amount is necessary for the body to perform its operations of metabolism.

• Neglecting breakfast meal: Studies demonstrated that having balanced breakfast has positive influence on brain, as it increases the ability of concentration and refreshes memory. Moreover, it improves the operation of assimila-tion, burning fats. It provides the body also with the nec-

essary required vitamins and minerals.• Neglecting exercises: Simple exercises like walking and

swimming are necessary for the body to motivate hor-mones to build muscles and bones; besides burning fats. Therefore, practicing exercises for 20-30 minutes daily will accomplish the desired benefits.

• Having fat and fast food at night: This unhealthy habit influences negatively the operations of digestion and burning fats; the matter causes a disorder in some hor-mones particularly if these meals are taken at night be-fore bedtime. Therefore, it is preferable to have balanced healthy food early in the evening.

• Exaggerating in having soft drinks: It is preferable to avoid having improper quantities of soft drinks particular-ly the ones which are rich with caffeine and high calories such as cola, drinks of energy and diet soft drinks which are void of sugar. Therefore, green tea, milk, fruits and their juices are recommended drinks instead.

KPC NEWS 15

KPC NEWS16

K P C S O C I E T Y

ال�سعيد وليد عبداملح�سن

وحدة التدقيق الداخلي لل�شركة الكويتية لنفط اخلليج

الكويتية لال�شتك�شافات البرتولية اخلارجية وال�شركة

نواف عبداهلل ال�سرهان

اال�شرتاتيجي التخطيط

حنان خلف العنزي

اإدارة املبيعات وم�شاندة االإدارة ودعم املكاتب اخلارجية

احمد يعقوب خلف

والبيئة وال�شالمة ال�شحة

م�شاري عبدالرحمن احلمود

امل�شال الغاز النافثا/البنزين/ مبيعات

�شارة �شعد بن �شكر

املالية املوازنة والتقارير

حممد ح�شن العجمي

التدريب

فجر نا�شر الربيعة

اإدارة االأداء

اأ�شل علي عبدالر�شا

التدريب

�شليمان بوحمد م�شعل

التدريب

الترقياتWaleed Al-Saied

Corporate Internal AuditKGOC/KUFPEC Unit

Nawaf Al-SharhanStrategic Planning

Hanan Khalaf Al-AneziSales Admin. & Regional Office Affairs Admin Support

Ahmad KhalafHSE

Meshari Al-HomoudNaphtha/Mogas/LPG Sales

Sarah ShukerGroup Finance Budget & Consolidation

Mohammad Al-AjmiTraining

Fajer Al-RubaiahPerformance Management

Ali AselTraining

Meshal Bou-HamadTraining

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