$10 Billion Spent on Kuwait's Environmental Fuel Project

Press release

Published October 17th, 2017 - 06:05 GMT

Kuwait National Petroleum Company

Kuwait has spent a total of KD3.1 billion ($10.25 billion) on its environmental fuel project until the end of September 2017, it has been revealed.

Kuwait National Petroleum Company (KNPC) CEO Mohammad Al-Mutair said in an interview with 'Al-Seyassah' newspaper that the total number of people working on the project was about 39,000.

He said company expected to receive the first payments of external financing for the project in November, the Kuwait News Agency (Kuna) reported

Source: Trade Arabia

Background Information

Kuwait National Petroleum Company

At KNPC the three pillars of sustainability reporting initiatives is society, along with economic contribution and environmental protection. The community around the operating facilitates are our core stakeholders. Their safety, health and well-being is our main priority. Giving back to society has always been the forefront of the company’s strategic contributions. KNPC has been completely involved with giving back to charities and sponsorships especially those that focus on education, environmental enhancements, health and safety awareness, special needs education and well-being, as well as participating in cultural events .