Al-Shimali supports petrochemical industries projects

Kuwait Petrochemical Industries Company said that Deputy Prime Minister, Minister of Oil, and Chairman of the Board of Kuwait Petroleum Corporation (KPC) Mustafa Al-Shimali has recently visited the company, expressing his support for its future plans. According to a statement released by the company on Saturday, Al-Shimali said he would put all his effort to help the company face any difficulties it might encounter during running projects that would develop the national economy, attract foreign investors, and open new international markets. The company\'s officials presented to the minister, projects designed to expand both locally and internationally. The minister was also presented with the financial achievements of the company, which was ten percent of the KPC\'s profits, also contributing 4.5 percent to Kuwait\'s GDP. The company also mentioned that officials explained to the minister, future projects such as the third olefins project and the second aromatics project, including the benefits out of cooperating with the new refinery project, environmental petroleum, and creating more job opportunities for the youth. The minister also discussed with the officials the difficulties they may face in executing these projects such as the lack of industrial lands, and the lack of using supplies with added value such as ethane gas. The minister praised the efforts of all of the company\'s staff, noting that he will completely support all petrochemical activities in Kuwait and abroad, since it will help develop the country\'s economy and industry