Air India

 

Study to merge the Kuwait Petroleum Corporation companies into one giant entity

 

 

His Highness the Prime Minister Sheikh Sabah Al-Khaled chaired the meeting of the Supreme Petroleum Council yesterday evening, during which the initial approval of the Kuwait Petroleum Corporation in the beginning of preparing a study to merge the Kuwait Petroleum Corporation companies into one giant entity, which is expected to take from one and a half to two years.According to high-level oil sources for "Al-Anbaa", the meeting directed the "Petroleum Corporation" to wait in preparation for the detailed study of the merger and study the details of the details of the oil companies affiliated under the "petroleum" without affecting the production levels or the strategic goals set within the updated strategy for 2040.The process of merging the subsidiary oil companies will provide more elements of strength, including reducing the cost arising from the multiplicity and similarity of units in all oil companies and preventing duplication found in the current work mechanism of the companies.

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