KPC advances ‘local content’ plan to boost private sector role in oil industry

The Kuwait Petroleum Corporation (KPC) and its subsidiaries are progressing with approved investment opportunities under the framework of its local content strategy, aimed at strengthening the private sector’s role in the national oil industry.

According to the source, KPC has identified and presented a number of industrial opportunities to local investors to encourage their participation in projects that utilize feedstock from KPC’s operations to produce value-added products. These initiatives are designed to support economic diversification, increase local manufacturing, and stimulate private-sector growth, reports Al-Jarida daily.

Among the key projects underway are a spent catalyst-to-metals conversion project, where the study phase is complete, and the contract has already been awarded and the sale of linear butane through a public auction system, enabling the production of maleic anhydride by a local private company.
The final auction document for this opportunity has been prepared and is currently under review by KPC’s relevant authorities.

The source emphasized that KPC is also facilitating access to suitable land for local investors to establish new factories linked to oil operations.

Approval has been granted by both the Higher Steering Committee for Local Content and the Higher Purchasing Committee to begin contract procedures for the Petroleum Industrial Zone — a strategic initiative aimed at expanding the local industrial base in oil-related sectors, increasing private sector contribution to the economy and creating jobs for Kuwaiti nationals.

This is in addition to meeting local oil sector demands for materials and services efficiently, cost-effectively, and with high quality.

These developments are part of KPC’s broader commitment to enabling sustainable national development by empowering the private sector and fostering local manufacturing tied to the energy industry.