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Kuwait’s Ministry of Oil aims to strengthen its regional and global energy position with its 2024-2028 strategy, emphasizing the importance of digital transformation to enhance operational efficiency, optimize resource management, and drive innovation in the oil and gas sector.
Kuwait Petroleum Corporation (KPC) is set to invest $33 billion over the next five years to expand its oil production capacity, anticipating strong demand for oil over the coming decades.
Sheikh Nawaf Saud Al-Nasser Al-Sabah, CEO of KPC, stated that the future of the oil and gas industry depends on embracing rapid technological advancements, highlighting KPC and its subsidiary companies’ commitment to innovation and authenticity in achieving its strategic goals.
Kuwait National Petroleum Company (KNPC) is dedicated to advancing digital transformation across its operations to safeguard assets, improve operational efficiency, and sustain its competitiveness in the global market.
With major refinery expansions, Kuwait is committed to leveraging digital transformation technologies to enhance automation, improve predictive maintenance, and optimize supply chain management, ensuring more effective and sustainable oil and gas operations.
