saad ali al-shuwaib · eng. mohammed al-olaim, oil, water and electricity minister and kpc chairman...

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Page 1: Saad Ali Al-Shuwaib · Eng. Mohammed Al-Olaim, Oil, Water and Electricity minister and KPC Chairman of the board inaugurated a gas liquidizing plant for 6 underground tanks located
Page 2: Saad Ali Al-Shuwaib · Eng. Mohammed Al-Olaim, Oil, Water and Electricity minister and KPC Chairman of the board inaugurated a gas liquidizing plant for 6 underground tanks located

I would like to congratulate you with the New Year which is just around the corner. May God make it a prosperous year for Kuwait and its oil sector, albeit with international changes in many economies which, in turn, influence the growth of the world economy linked with the economies of oil producing countries. These countries have faced many challenges: they have met them head-on with wise policies and a concise vision. Today, they face new challenges that require sustained collaboration to effectively develop an economic fiscal strategy for the upcoming period -- one that takes into account the interests of oil producing countries, and their common future.

There is no doubt that oil producing countries not only need to be involved but also this extends to oil corporations who also have the responsibility to enhance their resources as they prepare for future growth. Needless to say, we also require oil sector employees painstaking efforts to hold on to recent gains achieved in recent years: some of those efforts include constant improvement in oil sector working styles resulting in budget surplus, upgrading and developing oil facilities in line with our cumulative export/production capacity, developing new markets which depend on Kuwait crude oil to a large extent, and executing vital new enterprises KPC aims to develop in east asian countries such as China, India, and Vietnam.

All of this has been accomplished because of your sincere efforts, your vision and your aspiration for a better future for Kuwait and the oil sector -- which is what we have perceived from you. Our ambitions and hopes in the New Year look to oil sector employee’s commitment and devotion to continue to accomplish even more in the coming days ahead.

Saad Ali Al-ShuwaibChief Executive Officer

Dialoguewith the CEO

Page 3: Saad Ali Al-Shuwaib · Eng. Mohammed Al-Olaim, Oil, Water and Electricity minister and KPC Chairman of the board inaugurated a gas liquidizing plant for 6 underground tanks located

Events 2

InThisIssue 8

Health&Safety 13

Hobby 14

Achievments 15

KPCSociety 16

CEOreceivescongratulatorsforAl-AdhaEid

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10 KPCopens8thSpringCamp

KPCNewsTeam:MediaRelationsDept.Fax:24994991-Email:[email protected]

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Al-OlaiminauguratestheliquidgasplantinAl-Shoaiba

In This Issue..

Page 4: Saad Ali Al-Shuwaib · Eng. Mohammed Al-Olaim, Oil, Water and Electricity minister and KPC Chairman of the board inaugurated a gas liquidizing plant for 6 underground tanks located

Al-Olaim inaugurates the liquid gas plant in Al-Shoaiba

This project can be added to the oil sector accomplishments. It is considered a role model to fol-low in petroleum projects in gen-eral and in the liquid gas industry in particular.”

He added: “This plant rein-forces Kuwait’s gas strategic reserve for its 2020 strategy. It is the fruit of sincere mutual collaboration between oil sec-tor workers.”

On Thursday, 4 December 2008, Eng. Mohammed Al-Olaim, Oil, Water and Electricity minister and KPC Chairman of the board inaugurated a gas liquidizing plant for 6 underground tanks located in Al-Shoaiba industrial area. Expected cost for the plant is 17 million KWD for overall pro-duction of 14,000 cubic meters of gas.

In his address, Al-Olaim remarked: “This enterprise is considered a great leap forward in Kuwait’s gas industry and it is a luminous mark in KOTC history. I have no doubt that all oil sector employ-ees seek to support Kuwait’s growth and are working towards improved energy exploration and production to guarantee the highest oil project returns.

Minister Al-Olaim inaugurates the liquid gas plant with Al-Shuwaib, KPC CEO and Nabil Buresli

With a cost of 17 million K.D and overall production of 14,000 cubic meter of gas

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Page 5: Saad Ali Al-Shuwaib · Eng. Mohammed Al-Olaim, Oil, Water and Electricity minister and KPC Chairman of the board inaugurated a gas liquidizing plant for 6 underground tanks located

Sa’ad Al-Shuwaib, KPC CEO said: “This project will ensure non-stop gas supplies for consumers. We have started the second phase of this project at a cost of 42 million KWD which will make Kuwait a gas producing country.“

He clarified: “Phase one will raise the reserves–according to the local consumption rate-from 3 to 30 days while phase two will double the reserves to 60 days following KPC’s planned sched-ule due to end in 2011.”

He explained further: “KPC con-tinues to revise all its local proj-ects according to the circum-stances. It executes the ones that meet urgent needs. There are projects that KPC is com-mitted to wrap-up on schedule, whereas there are others of less importance right at the moment.

KPC is studying these projects

and how they impact 2020 and

2030 strategies. With raw mate-

rial costs currently low, we must

seize the opportunity to execute

more projects.”

Nabil Buresli, KOTC Chairman of the board and Managing Direc-tor, stated: “The project cost was 17 million KWD spent over 2 years and 7 months to establish this monumental enterprise.”

He explained further details: “The project aims to store gas under-ground in 6 tanks with an over-all 14,000 cubic meter capacity which equals 7,200 tons of liquid gas. This plant storage technique is the safest, most environmen-

tally-effective in the industry.. The project includes a pumping station and a tanker-filling sta-tion together with other admin-istrative and technical facilities. This plant uses top-notch tech-nology to manage fully-auto-mated functional operations by remote control and monitoring devices.”

He added that “providing gas for local consumption requires dedi-cating a budget of 12 million KWD to build a gas cylinder fill-ing plant. For this other project, the municipality has delivered over the designated land which, in turn, will be handed to the contractor next year.”

Al-Olaim receives a souvenir from Nabil Buresli

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Page 6: Saad Ali Al-Shuwaib · Eng. Mohammed Al-Olaim, Oil, Water and Electricity minister and KPC Chairman of the board inaugurated a gas liquidizing plant for 6 underground tanks located

On Sunday, 14 December 2008, Sa’ad Al-Shuwaib, KPC CEO received employees celebrating Al-Adha at KPC headquarters.where he also took the oppor-tunity to congratulate KPC employees who had recently performed the Hajj. Managing Directors as well as some KPC leaders attended the Al-Adha family-like atmosphere affirming senior management on-going commitment to strengthen KPC communication policies and face-to-face interactions with KPC employees.

KPC petroleum complex backdrop to Al-Adha Eid

Al-Shuwaib and Shiekh Al-Khalid recieving Al-Adha Eid congratulators

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Page 7: Saad Ali Al-Shuwaib · Eng. Mohammed Al-Olaim, Oil, Water and Electricity minister and KPC Chairman of the board inaugurated a gas liquidizing plant for 6 underground tanks located

Decision Maker’s Conference focuses on publicTalal Al-Khalid: “KPC waives 4411 sq.km. for housing”In the opening address of the Decision Maker’s Conference held recently at Al-Raya Hall on 21 December 2008, Sheikh Talal Al-Khalid Al-Sabah, Managing Director Governmental, Parlia-ment, Public and Media Relations affirmed how eager the oil sector is to develop the best projects in the public interest.

Sheikh Talal Al-Sabah commented: “The oil sector is an indivisible part of the State of Kuwait which has prompted KOC, as one of KPC subsidiaries, to develop a ‘land-waiving’ policy. In four stages, KOC gave up a total of 4411 square kilometers to the Ministry of Hous-ing and Municipality as well as waived four cities-- Jabir Al-Ahmad Al-Sabah, Sa’ad Al-Abdullah, Al-Talae’ and Al-Sabia--to govern-ment authorities.”

Al-Sabah clarified issues surround-ing the West Hadia location: “The Municipal Council assigned the location without coordination with

KOC which, in turn, held several meetings with the Housing Care Public Corporation to outline both technical and safety reasons that prevent KOC from waiving this particular location. First, vital oil lines pass through the area on their way from the northern tank-ers to the northern dock and the refineries. Second, northern power plant feeding lines, that is Eastern/Western Doha, Al-Shuwaik, and Al-Sabia lines, exist in this location. If there is a heavy oil spill or gas explosion, the effective damage of these lines can encompass an area

of approximately one kilometer in length. Third, West Hadia is low in elevation and its location on the eastern side of the northern tanker yard can have a catastrophic impact in the event of oil spills. Last, West-ern Hadia is one of the areas dedi-cated to KOC future 2020 strategic plans which will soon start with the construction of five lines from the northern tankers to Abu Halifa’s northern dock.”

The conference was held under the patronage of the Minister of Com-merce and Industry.

Shiekh Talal and Minister Bakir during the conference opening

KPC Participates in 2nd Jobs FairAdministrative Science Students Association

In a bid to foster young people’s capabilities, KPC took part in the 2nd Jobs Fair organized by the Administrative Science Students Association which was held on Sunday, 23 November 2008. It was patronized by Dr. Modi Al-Hmood, state Minister of Housing and Administrative Development.

The fair is considered to be important as every year the Association offers substantial work/career opportunities for Kuwait University students in the government and private sectors.

This year 28 government organizations were involved: two financial seminars were presented by Ayman Bodi, Chairman of the Board, Kuwait Stock Market House and Nasser Al-Miri, CEO of Nour Investment firm.

A memorial photo for Dr. Modi Al-Hmod

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Page 8: Saad Ali Al-Shuwaib · Eng. Mohammed Al-Olaim, Oil, Water and Electricity minister and KPC Chairman of the board inaugurated a gas liquidizing plant for 6 underground tanks located

The Diamond Hall of the Shera-ton 4 Points Hotel Kuwait pro-vided the perfect backdrop for the annual ceremony to recog-nize recent graduates of the Uni-versity of Kuwait’s Engineering and Petroleum Faculty.

In his address to the audience, Dr. Tahir Al-Sahaf, Dean of the Engineering Faculty praised KPC continued sponsorship of stu-dent graduates especially those students from the Petroleum and Engineering Faculty.

Sheikh Talal Al-Sabah, Managing Director Governmental, Parlia-ment, Public and Media Relations also addressed the graduate audience: "It is a great delight for me to participate with you on this occasion as the Faculty of Engineering and Petroleum at Kuwait University honors its out-standing students. It is a memo-rable occasion, a symbol of the sustained effort and hard work exerted during your long years of study.”

Sheikh Talal commended faculty professors of doctors, engineers and managers who worked tire-lessly to use their combined skills and capabilities to convey a mes-sage about the value of engineer-ing science to build a nation. He expressed his admiration to the

KPC honors distinguished graduates Petroleum and Engineering Faculty class 2007-2008

families who supported their children in reaching their edu-cational dreams and goals -- a position that has made the State of Kuwait justly proud.

Doha Mohammad Al-Rama-dan, a student from the Indus-trial Engineering Department gave the distinguished gradu-ate address. Al-Ramadan applauded KPC's social role and its continued support for top faculty graduates. She thanked students families for their sus-tained educational efforts over the years in order to reap these important milestones.

As the ceremony drew to a close, Sheikh Talal and Dr. Al-Sahaf honored top students. This event is held under patronage of Eng. Mohammad Al-Olaim Oil, Water and Electricity Min-ister deputized by Sheikh Talal Al-Khalid Al-Sabah, Manag-ing Director Governmental, Parliament, Public and Media Relations.

Sheikh Talal Al-Khalid Al-Sabah

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ing them on their enthusiasm and the range of gifted photographers across the oil sector. He mentioned that a photographer is one of the happiest people alive as they have the potential to see beauty in everything while observing the world from their own distinctive perspective.

As the ceremony drew to a close, Mariam Mohammad Al-Rashid, Contest Supervisor thanked Nafoot team members and the contrib-utors to the contest’s success.

Third place: Hiba IsmaelSecond place: Taiseer Al-Hamad

First place: Solaiman Al-Sajari

In an amiable atmosphere, a ceremony was held on Tuesday 26 November 2008 to honor participants and win-ners of the Nafoot first photography contest -- ’Kuwait in our eyes‘ -- spon-sored by Sa'ad Al-Shuwaib, KPC CEO.

The photographic contest gave all sector employees the opportunity to excel in the field of photography: the contest subject was to photograph Kuwait’s distinctive landmarks.

During the ceremony, Al-Shuwaib welcomed everyone commend-

Al-Shuwaib Honors First Oil Sector Photography Winners

KPC CEO opens the first photography contest

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all such activities in GCC coun-tries. The Dive Team presented their idea to KOC senior man-agement, which was adopted: now this is the second year for GCC Marine Day supported by KPC and its subsidiaries to pre-serve the environment.”

What's KPC role in this event?

“KPC provided media coverage in cooperation with KPC’s Media Department in order to publish news of the event in print as well as electronic newsletters. We hope this kind of support will encourage GCC Marine Day organizers and participants.”

How do KPC and KOC work together?

“All organization was done by KOC Export and Marine Opera-tions and other KOC depart-ments. KPC supports these efforts with its own attendance and participation: environmen-tal issues such as these require involvement and co-operation across the entire company. It's inadequate for the KPC Environ-ment Department to be invited

Captain Awad Saeed: “KPC supported GCC Marine Day”

KPC Newsletter met recently with Captain Awad Saeed, KPC Environment & Oil Spill Response Manager to cast light on KPC’s vital role in preserv-ing the marine environment on the occasion of GCC Unified Marine Day.

On Thursday 27 November in Abu Halifa, this important envi-ronmental event was launched by KOC’s Marine Export Opera-tions Group in association with with Emirates Dive Society and the UN Environmental Pro-grams.

How did the idea of GCC Unified Marine Day arise?

In 2005, KOC senior manage-ment adopted the company Dive Team formed by volunteer-ing youth to safeguard Kuwait’s marine environment. The team created a KOC marine protected area of 54,000 sq. meters inau-gurated by the former Oil Min-ister in September 2006. During this time, the KOC Dive Team par-ticipated in other GCC environ-mental events including clean up events along the UAE shoreline, and it was here that they sug-gested the idea to synchronize

Memorial photo for Export Operations work team with media specialists

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and to refrain from participation under the pretence that it con-flicts the oil companies’ roles. Personally, I believe that par-ticipation is so important: not participating in this day would raise serious doubts about KPC’s long-term environmental com-mitment.”

What are the gains of a one-day activity?

“Quality is superior to quantity. I believe that the objectives for this one day event were fulfilled: youth brings about change and we are communicating with an important society segment of young people and pupils. Con-sequently, public/private schools of education ministry as well as special needs schools arrived in the early morning hours. On this note, I'd like to thank all teach-ers who supported student par-ticipation in this day’s activities and for integrating this event into their school programs. Over and above this, there's also another benefit which raises oil sector employee environmental awareness and responsibilities. Furthermore, KOC has evaluated Marine Day activities and pro-grams which will impact posi-tively on next year’s plans and organization.”

Media communication remains weak, what is your comment?

I believe – and this is a per-sonal perspective that may not reflect the reality of the situation -- that the oil sec-tor stands behind this envi-ronmental commitment. We believe our efforts stem from the nature of our work and our sociel responsibility. For exam-ple, drivers along the Fahaheel highway can see the consider-able effort exerted by KNPC to place trash bins one kilo-metre apart the entire length of the road. Small details can

make a huge impact: it’s these kinds of details that the media needs to cover to urge every-one to preserve our environ-ment in everything they do. There are many sides to how KPC and its subsidiaries com-municate with society but as I mentioned before, the very nature of our work in the oil sector may give the wrong impression. Here the media should actively shed further light on KPC and its subsid-iaries’ participation and spon-sorship of social issues in the wider community.”

Captain Awad Saeed receives a souvenir from KOC

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Invited by the KPC PR Depart-ment, KPC employees attended the opening of the 8th spring camp held on the third day of Al-Adha Eid at the Al-Jalea' camp grounds. The camp was packed with employees and their fami-lies who took the opportunity to enjoy Eid vacation and the mild weather to spend a congenial day among colleagues

Major General Thabit Al-Mohana, Minister of Interior Assistant Undersecretary for Public Secu-rity, accompanied by a number of security leaders, also visited KPC’s camp. Ali Murad, KPC Manager Public Relations Department led a tour to the facilities dedicated to KPC employees. He answered questions regarding the chal-lenges faced opening the camp.

After his visit, Major Al-Mohana commended KPC efforts to maintain spring camp. He men-tioned that the Interior Ministry provided a security checkpoint in Al-Jalea' to guarantee camper’s safety in case of emergencies.

Prior to the actual construction of the spring camp itself, Jasem Jamaan, KPC Media Relations

KPC opens 8th Spring Camp

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coordinator outlined some of its history -- how the camp was constructed after putting for-ward tenders and how enter-tainment parties provided buf-fets throughout the camp itself. The camp’s design includes two large tents for parties and buf-fets, tents designed to host visi-tors as well as prayer tents (for women and men). There is also

a special section dedicated to the traditional Kuwaiti gather-ing known as (Al-Arish). The 8th spring camp also provided special entertainment programs and educational contests for its guests.

Top priority continues with safety and security

Jasem Jamaan mentioned that

KPC's PR Department ensures a safe secure environment for campers and their families. KPC security maintain the camp's gates confining entry for KPC employees and their fami-lies: they also provide an on site ambulance with a highly-trained crew from Al-Ahmadi hospital.

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On 16-17 December 2008 Mustafa Al-Shamali, Finance minister for Kuwait opened the 3rd inter-national conference Global Financial Directions in the Administrative Science Faculty, Kuwait Uni-versity attended by dignitaries as well as 200 aca-demics and researchers from nine Arab and other countries.

Al-Shamali pointed out that “international finan-cial changes continue to be watched closely throughout the global community: these changes are influencing all countries worldwide, and are threatening to drive major economies towards

Global Financial Directions: Global Finance in a Rapidly-Changing WorldFinance Minister opens international conference

depression because of the current financial crisis. In turn, this crisis may extend to all human activi-ties such as food, housing, real estate financing and international trade as well as all kinds of industries including the petrochemical industries, among others, that rely on energy as their main source of revenue. He also alluded to some of the main reasons behind the global financial crisis, its effects and the means to overcome it.

Accompanied by the vice-prime minister, Sheikh Dr. Mohammad Al-Sabah and the conference president Dr. Rashid Al-Ajami, Dean, Administra-tive Science Faculty, the Finance minister together with the Foreign minister opened the conference exhibition which was attended by KPC as well as key financial companies. A handicraft fair (tradi-tional culture) provided insights on a vital seg-ment of Kuwait's history. The conference and exhibition was organized under the patronage of the Prime Minister HH Sheikh Naser Al-Moham-mad Al-Sabah and KPC involvement. 15 research papers were presented at this year’s conference.

Al-Shamali in KPC booth

sentation about what is the best way to think environmentally at school, work, and at home. Issues concerning marine envi-ronmental pollution during the

Iraqi invasion of Kuwait were discussed.

At the close of the presentation, gifts were presented on behalf of KPC to school teachers and students.

A recent environmental semi-nar was held in the suburb of Al-Salam, west of Al-Surra to explain to students at Al-Salam elementary and intermediate school what environmental development and preservation is, and how it directly affects their lives. This event held in col-laboration with school manage-ment was part of KPC’s wider strategy to instill environmen-tal awareness in Kuwait’s next generation of young people.

KPC’s Nora Buqrais participated together with selected school teachers. Buqrais chose a grade 5 student to help with the pre-

In assuarance to its social ruleKPC cooperates in Al-Salam school environmental presentation

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General instructions for camping fansDespite low temperatures and cold weather, winter is one of the most loved seasons for many. Camping and trips fans leave all luxury and rest means behind and head to the deserts to enjoy fresh air, nature, green landscapes, sand and hunting. On this basis, KPC News saw it was necessary to give a number of safety tips to KPC employ-ees to avoid any unpleasant surprises that may disturb their trip.

Trip basicsThese are represented in a num-ber of necessaries that must be taken care of before commenc-ing the trip:

First: the presence of a first aid kit that includes sterilized lawn, antiseptics, bands and cold medicine. In addition, a satellite based mobile must be equipped

Camping necessities

since other phones may not be functional in case of accidents. A GPS device is a must too.

Second: a water tank for trip usage. Washing and drinking water containers must be also equipped.

Camping trips also require the presence of a cooking gas,

lighter, gas/diesel container, hand light, tug wire, rugs, coal, plastic cups/plates, trash bag, roasting jack and napkins.

TentsThe Tents are the most important camping elements. Tents setting require posts, pegs, cushions, generator, lamp, lamps wire.

To avoid any risks during the trip, several instruc-tions must be followed when setting a tent:1. Checking the tent parts to avoid any acci-

dents.2. Cleaning the ground from pointy objects,

stones, or glass pieces.3. Using a piece of wood under the tent posts

if the ground is of sand nature to assure its stability.

4. Using iron pegs if the ground is solid.5. Setting the tent far away from places that

may be easily put on fire like dry plants areas.

6. Allowing a 2 meter peg-free space to pass between the tents.

7. Set the tent so its back faces wind direc-tion.

8. Avoid spraying pesticides on tents sides because it consists of chemical substances that affect the tent material and hence, decrease its resistance.

9. Avoid setting your tent under power lines.10. Providing the camp with a 220 to 240 volt

transformer to every tent if there are many generators (these must be 10 meters far from the tents).

11. Supplying ashtrays for smokers.12. Don't hang fuel-dependant lights from tent

top.13. Don't approach valleys during rain fall or

set your tent there!14. Don't swim in valleys as they contain mud

which obstructs movement and may cause drowning.

Tents setting

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templative and delightful espe-cially if you choose to practice it along the sea wall or amongst the gardens. Nature's beauty reminds us again of the Creator's ability and we can thank him for this gift and insight.”

What encouraged you to walk?

“The nature of work pushed me to take up walking. Walking always makes me feel alive. Walk-ing also stimulates the secretion of serotonin which relaxes the body and improves your frame of mind.”

Are there any special con-ditions to exercise walk-ing?

“Any hobby or sport, no mat-ter how simple it is, requires that you meet several condi-tions before you begin so you can benefit fully from it. For example, when walking, doc-tors encourage walkers to do it without stopping unless you feel fatigued and unable to continue. There are certain simple tech-niques to walking. Walk in wide strides with your arms swinging freely at your sides. Keep your back straight and your abdomen tucked in. Don’t forget how your feet hit the pavement: the meta-tarsus must touch the surface

before your heel and toes. Walk regularly and over time gradually extend how long and how fast you walk. Experts suggest that you walk on an empty stomach as blood circulation is ‘in full swing’ in the digestive system after eating. Therefore it’s best to walk in the early morning, if you can, or 3 hours after eating.”

Are there any age limita-tions?

“Walking spans the entire age spectrum. Its side benefits are well known with increased health and agility that positively reflects on how you feel. Some researches recommend that peo-ple over 40 should stop immedi-ately if they feel tired. Walking is a way of life that can be done every day or, at least, 3-4 times a week.”

What do you feel after you finish walking?

“I feel a great both physically and mentally. For me, walking is the second most important issue after prayer. Usually I walk alone but sometimes my colleagues join me. It's so important to per-form sports regularly: it is impor-tant to have a daily or weekly schedule to practice your favor-ite sport – and, of course, that includes walking.”

Mahmoud Dallah: Sport walking is simple and it strengthens the immune system

Walking enthusiasts unite! The wide-spread sport of walk-ing includes everyone young and old. Walking has so many bene-fits that KPC Newsletter decided to investigate this sport further.

KPC Newsletter met with Mah-moud Dallah, KPC Services Department who is a walking enthusiast. Mr. Dallah stressed how important sport walking is in his own life as it can reduce heart disease and blood clots. Moreover, sport walking protects the immune system while, at the same time, it brings a sense of renewed vitality and energy.

Can you give us more insight into walking?

“I started walking about 5 years ago. Walking is such a simple easy sport to do even for people who feel unwell. Walking can be con-

Mahmoud Dallah

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1�offers supplemental insurance coverage provided by PIPS in key areas of disabil-ity, aging or death. Adherence to Allah’s saying prompted me to attain my ABA certificate: ‘Are those equal, those who know and those who don't know?’ as well as the Prophet (PBUH): ‘pursue knowledge even if it is in China’."

Can you tell us more specifically about the ABA certificate?

“The ABA certificate is an accounting vocational certificate which is designed to measure and test accountant’s capa-bilities helping them understand as well as apply this knowledge within interna-tional financial reports standards. There are 39 various sophisticated standards -- most books are substantial in size consisting of approximately 350 pages. To attain this certificate, an accountant must correctly answer 75 out of 100 questions in this field. Furthermore, American references are used which are sent from the United States to approved institutes in Kuwait. Results announcements and correcting these tests are completely computerized in the U.S.A.”

To obtain your certificate what was your approach to your studies?

“Hard work combined with effective time management paved the way for my success. Every day I dedicated 1-2 hours for revision one month prior to the actual test. Of special importance was how to use the actual test time in the best possible way as the test takes more than two hours.”

Can you explain why it is so impor-tant for accountants to acquire a vocational certificate?

“Vocational certificates are a significant milestone in any accountant’s career. These certificates do two things: they equip accountants with important benchmarks, a continuous development means in accounting science and mod-ern theories to address a diverse range of financial cases and circumstances, in particular, and trade and manage-ment, in general. Moreover, certificates improve an accountant’s levels of exper-

tise and capabilities. Accountants need these necessary skills and knowledge to move forward in their careers. Tak-ing this background into consideration, I encourage my fellow accountants as well as trade and management prov-ince workers, in general, to strengthen their current skills by attaining these certificates.”

Are there other kinds of vocational certificates?

“There are several certificates such as CPA (Certified Public Accountant), CIA (Certified Internal Auditor), CMA (Cer-tified Management Accountant), CFA (Certified Management Accountant) and ABA (Accredited Business Accoun-tant).”

What value was this accreditation for you?

“Most importantly, once I attained this certification I was able to better serve my country and homeland which has given me so much. Also attaining spe-cialized scientific certificates increases your capabilities and level of knowledge within your own chosen career path.”

How do you feel about obtaining this certificate?

“I am filled with joy and happiness as this is my first vocational certificate since I received my academic qualifica-tions which include an undergraduate degree in finance, accounting major from Kuwait University and a MBSc from Europe as well as other different training courses.”

What are your future aspirations? And do they include other certifi-cates?

”As a person deeply interested in the wider field of science, I seek further lev-els of excellence and self-development which can only happen if I receive more specialized training and certification. Of course, these plans go side-by-side with more practical experience at KPC which is considered to have an institute of financial and administrative systems on its own.”

The Prophet Mohammad (PBUH) said: "Two seekers aren't ever satisfied: money and science seekers." Our guest for this issue is a person whose ambi-tion spurred him to improve his skills and capabilities in his own accounting specialty. Wael Al-Ali went on to acquire his first vocational certificate ABA, i.e. Accredited Business Accountant.

KPC News met recently with Wael Al-Ali who confirmed how important it is to have international accredited account-ing certificates that provide a sure foundation to tackle work challenges. These kinds of important accreditations increase accountant’s abilities raising their practical as well as administrative skills.

What do you do as a career and what drove you to obtain your ABA certificate?

“I first began to work in the KPC Compensation Department as a first analyzer for investments and compu-tations within their Special Fund sys-tem. I joined KPC just six months ago from the General Investment Authority. Before that, I used to work for the Pub-lic Institution for Public Security (PIPS) where I became auditor after working for 10 years.”

Wael Al-Ali continued: “My current roles and responsibilities focus on investment and computational aspects of this spe-cial fund. What is distinctive about this system for oil sector workers is that it

Wael Al-Ali: Scientific certificates provide solid ground to face challenges:I aspire to more scientific and personal development

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Page 18: Saad Ali Al-Shuwaib · Eng. Mohammed Al-Olaim, Oil, Water and Electricity minister and KPC Chairman of the board inaugurated a gas liquidizing plant for 6 underground tanks located

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For your Opinions& Suggestions

It is the pleasure of the Media Relations Department to extend its heartiest thanks to all the colleagues who contributed to KPC News past issues. We will be more than happy to receive even more of your contributions and ideas which will further bolster constructive cooperation and continuous progress. For more details, please contact: Haya Al-Randi - Tel: 4785, Alia Al-Jasmi - Tel: 4789, Jaber Al-Sabah - Tel: 4866

[email protected] [email protected] [email protected] more information please contact Miss Dalal Al-Nouri : Tel. 4782 – [email protected]

Salmah Al-HajajDeputy Chairman & Chief Executive Office

Kholoud Al-QadeeriCorporate Treasury & Investment

Hamad Al-YasinCorporate Treasury & Investment

Maryam Al-MesalamNaphtha/Mogas/LPG Sales

Hanadi Al-HajeriSupply Operations

Mohammad BuftainEuropean Regional Office

Abdulaziz Al-KandariSupply Operations

Nader Moh'd Ali Al-GhaithService Dept.

Dhary Al-JarallahMedia Relations

Nourah Al-MutawaCapital Projects Administration

Farhan Al-AjmiSupply Operations

Khaled Al-HamidiSupply Operations

Hanan Khalaf Al-AneziSupply Operations

Hammam Al-JumahMarine

Osamah Al-ShaikhService Dept.

Bader Al-KandariService Dept.

Rawabey Al-BanayMedia Relations

Adnan BastakiHuman Resources Studies

Samah Al-TherbanCompensation Dept.

Altaf Al-BannaiCorporate Treasury & Investment

Shaima Al-RasheedCompensation Dept.

Dharey AliMedia Relations

Abdullah Al-QudhaibService Dept.

Khaled Al-MutairiService Dept.

Basel Moh'd Ali Al-SalemService Dept.

Abdulaziz Al-Kandari and Hanady Al-Hajri from KPC Marketing Depart-ment were recognized recently for their sustained commitment to the mission and vision of KPC whereby they saved the Kuwait Petroleum Company US$ 776,000 dollars. KPC has recently implemented a unique awards plan to provide a creative and productive work environment for employees at the company.

Distinguished Achievements

Award

Abdulaziz Al-Kandari

Maryam Al-NaserCorporate Treasury & Investment

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