The Project "Kuwait Oil Capital of the World" turning it into a global economic pole Print E-mail
Thursday, 24 January 2013 12:01

Fadia Zoubi

Tuesday, January 22, 2013

More than 380 experts and volunteers are working to ensure the success of the Project Kuwait the Oil Capital of the World. This project will transform Kuwait to a prominent global economic pole, and it will submit to the state the most effective solutions to upright its financial imbalances, according to Ahmed Rashid Al-Arbeed, the owner of the project and based on its implementation. 140 Kuwaiti experts and 240 volunteers are working with resolve, determination and organization to achieve a development project that aims to make Kuwait the oil capital of the world. This step is the most effective solution to rectify the current financial imbalances in Kuwait and avoiding the expected crises, and to achieve sustainable development, says the Kuwaiti Engineer Ahmed Rashid Al- Arbeed, who reached to such a conclusion after 35 years of leadership work in the oil and gas sector, and an in-depth study of the situation of the Kuwaiti and the global economy. He couldn’t but to take this initiative through seminars attended by Industry experts and economists, explaining the nature of this project, and its current and future benefits to Kuwait, and the data on which he built his vision and initiative.

Al Rasheed: the future production capacity and the upcoming projects in producing oil and gas in Kuwait Print E-mail
Monday, 13 February 2012 00:21

Al Ra'ai Kuwaiti Newspaper


Two reasons make a long interview with Sami Al Rasheed, Chairman of the Kuwaiti Oil Company, the Managing Director, unusual. One reason is the man is very careful to go out of the technical context. He often says to his interviewer "let me be away from politics and disputes". The second reason is the company he heads is the store of the secrets of the Kuwaiti national wealth. Therefore, it is unexpected from the Chairman of the company that produce all the Kuwaiti oil, except the oil produced in the shared zone, to uncover a secret that has to do with the quantity of  the Kuwaiti strategic reserves, despite all the attempts done by foreign news agencies to lure him giving such information. The man is aware that all over Kuwait there are worrying rumors about the conditions of the Burgan oil field that produce the largest share of the Kuwaiti oil. Al Rasheed decided to uncover the condition of Burgan oilfield in a detailed manner through Kuwaiti newspaper "Al Ra'ai". Concisely, one would say that the field is still young with its three branches: Al Muqawa'a, Wara and Al Ahmadi, despite the fact that one of the reservoirs of the field needs water pumping in order to produce oil.


A speech by Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah Print E-mail
Wednesday, 30 March 2011 09:53

A speech by His Excellency Sheikh Dr. Mohammad Sabah Al-Salem Al-Sabah, Deputy Prime Minister and Minister of Foreign Affairs of the State of Kuwait, in Istanbul March 14th 2011 at the Sixth Session titled: “Future of Global Economy I”.

"BismAllah Arrahman Arraheem, first of all let me say how much I enjoy being here in this beautiful city of Istanbul, as in the previous session, as the representative of the OECD dissected the name of Istanbul, I would add that this country, this city itself, to me at least has three magical bridges, a physical bridge between East and West, a spiritual bridge between Islam and Christianity, and an inter-temporal bridge between glorious past and a promising future, so I’m very glad to be here with you today.

Kuwait keen on expanding business with Scandinavia Print E-mail
Monday, 07 March 2011 11:46

Yawar Mian talks to Ali Al Nikhailan, Kuwait’s Stockholm-based Ambassador to Sweden, Norway, Denmark and Iceland to get an insight into the business relationship between his country and Scandinavia, as well as the opportunities for creating new joint ventures, technology-based partnerships and increasing bilateral trade. Ambassador Ali Al Nikhailan is an experienced diplomat with a deep understanding of Kuwait’s diverse development needs that could be met through building partnerships and long-term commercial relationships with public and private sector businesses and organisations in Scandinavia.

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