KPC expands investment opportunities for local investors in oil sector
The Kuwait Petroleum Corporation (KPC) is placing strong emphasis on providing suitable feedstock from oil sector outputs to support the private sector in developing downstream industries.
Al-Jarida has learned from a well-informed oil source that progress is being made in implementing approved investment opportunities under the local content program. Several industrial ventures have already been studied and offered to Kuwaiti investors, with the aim of expanding the private sector’s participation in the oil value chain.
As part of this effort, KPC is actively supporting the use of feedstock in manufacturing value-added products that contribute to national economic development.
One such initiative includes the completed study and finalized contract for a project to convert spent catalysts into metals—an example of turning oil byproducts into industrial opportunities.
The source added that regular butene will be sold via a public auction system to local companies to produce maleic anhydride, a key component in polymers and coatings.
The final auction documents are complete and under review by relevant KPC authorities, with special attention given to preventing market monopolies.
Moreover, sulfur raw materials will also be made available to private investors to establish a local sulfur-based industry.
These materials will be auctioned locally, and the necessary approvals have already been secured to issue this investment opportunity via an announcement in the Official Gazette.
