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QPIC celebrates its 10 year partnership success

QPIC is celebrating its successful partnership of ten years along with KPC

Qurain Petrochemical Industries Company (QPIC) celebrated on Wednesday, 4 February 2015, ten years of successful partnership with Kuwait Petroleum Corporation (KPC), its subsidiaries and affiliates. The event was held in Chairman’s Club in Kipco Tower, and brought together leading decision makers and executives in Kuwait’s oil, gas and petrochemical sectors.

The guest of honor was H.E. Dr. Ali Saleh Al-Omair, Kuwait’s Minister of Petroleum, State Minister of National Assembly Affairs, and KPC Chairman.

At the commencement of the event, Sheikh Mubarak Abdullah Al-Mubarak Al-Sabah, QPIC Chairman, welcomed the guests and said, “It gives me great pleasure to welcome you all to celebrate our successful partnership of ten years along with KPC, its subsidiaries and affiliates. A partnership that started since the establishment of QPIC in November of 2004 as an initiative by the Kuwaiti government to engage the private sector into petrochemicals through KPC’s petrochemical arm, Petrochemical Industries company in the largest Initial Public Offering the country had seen at that time, and through which the shareholding agreement was put in place with EQUATE, The Kuwait Olefins Company and Kuwait Aromatics. Today, ten years have passed, and we are proud to be here to celebrate our achievements with you, with wishes of another decade and more of successful partnership.”

On his part, Mr. Sadoun Ali, QPIC Vice Chairman and CEO, said, “QPIC continuously aspires to forge partnerships that enhance its presence in the petrochemical sector and push forward the country’s economic development. A good example is the model of EQUATE Petrochemicals, and later, The Kuwait Olefins Company – considered one of the most successful Public Private Partnership Kuwait has witnessed in the petrochemical sector.”

He added, “I would like to express our appreciation and gratitude for all the efforts to set the Paraxylene project back on track, and we look forward to further positive steps to be taken throughout the current year, especially with recent market developments. I would also like to wish you all many more years of success in work and partnerships.“

Contact:
Abdul-Hameed Malhas
Corporate Communication & Relation Officer
Tel: +965-2294-3232 Ext: 2012
Email: [email protected]

Nabil F. Fayed
Administrative Affairs Manager
Tel: +965-2294-3232 Ext: 2041
Email: [email protected]