The Kuwait Petroleum Corporation (KPC) said it remains committed to maintaining strong relationships with customers and partners in global energy markets, while at the same time working to build a more resilient future amid heightened uncertainty in the energy sector.
Speaking at the APPEC 2026 conference in Singapore, KPC Managing Director of International Marketing Sheikh Khaled Ahmed Al-Sabah said, “Our ports are open, and we will continue to strengthen our relationship with our customers and partners, as we build together a stronger and more resilient future.”
His remarks came as KPC participates in one of Asia’s leading conferences for the oil and energy industry, which brings together senior executives and representatives from major global oil, trading and energy companies.
Sheikh Khaled said the KPC currently operates its own fleet and is examining opportunities to acquire additional tankers to strengthen its ability to transport crude oil and petroleum products. “We have our own fleet in the corporation that we currently operate… and we are looking at the market for opportunities to buy more tankers,” he said.
According to Reuters, the KPC is also considering alternative options to ensure reliable supplies to its customers amid the war between the United States and Iran. These include extending pipelines through neighbouring countries and developing additional storage facilities.
Sheikh Khaled noted that demand for maritime transportation has increased significantly, saying sea freight had become a highly sought-after commodity. He also stressed the strategic value of controlling KPC’s own fleet and operations, saying this would provide the corporation with an advantage over competitors.
Reuters later quoted Sheikh Khaled as saying that KPC continues to supply all of its customers, although volumes are currently lower than levels recorded before the war.
The comments come as Kuwait continues to navigate disruptions and uncertainty in global energy markets while seeking to safeguard the continuity of crude oil and petroleum-product supplies to international customers.
Meanwhile, the price of Kuwaiti oil rose to $101.22 a barrel, while the Central Tenders Committee rejected a request concerning an oil contract valued at 117 million dinars.
