Any hope for Kuwait's oil industry?

Frankly not really and not likely in the next few coming years. Nothing is moving forward in Kuwait and in particular in its oil industry. We are only becoming increasingly dependent on our crude oil volume export.

We just can envisage any developments in increasing our refining capacity, improving and upgrading our two refineries. Our oil work force is sitting still: nothing to look forward to, nor any new challenges. They are fed up of doing the same thing all over again and again. It's just becoming bored to work in the same place without any hope of fresh developments. Every one is becoming so frustrated that most of them have given up just by looking around to our rich oil neighbors. They're all hands on and every country in the region is progressing according to sets of approved plans. We are the only oil country that has written approved long term plans and objectives. All of it, however, is on paper and its ink has long been dried. Nothing of our Kuwait's long term strategy has been implemented. All of our oil plans are written by 1st class writers and printed on the best silk papers and shelved in best cupboards money can ever buy.

Six months ago, with the formation of new cabinet we were all optimistic for appointing one of the top KPC executive to head and lead Kuwait's into new future, and to give KPC new life and fresh breathe. We said it's an awakening call and everybody was ready to work.

Now nothing so far has progressed and it's unlikely to progress further for the next five months. It seems every body has his own agenda and has own team. KPC now is divided into 2- 3 groups. So it's clear that in order to start your work, firstly you have to remove the old group or the 'enemy' and start the cleaning up and cleansing procedure to insure that certain group in charge then starting from the board, to heads of companies and all the way down. This will take some months or one year to complete such task.

Reaching our conclusion that Kuwait oil industry will not progress further and every mega project will just be future projects on expensive papers. We don't envisage any further developments on building the fourth refinery, and up grading Mina Ahmedi and Abdullah refineries. Nor any progress on expanding and developing heavy oils projects; the same thing with the developing our free natural gas fields.

Kuwait's oil industry will be behind and our sole income from the sales of crude oil, as we will be depending more and more on our three aged refineries for local consumptions for both gasoline and electricity. Any added values to be gained from refining sector will be something of the past.

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