Kuwait Vision 2030

PetroDyn supports KOCs vision

PetroDyn stands as a steadfast supporter of Kuwait Oil Company’s (KOC) visionary goals outlined in Kuwait Vision 2030. Committed to aligning its operations with the national vision, PetroDyn actively contributes to the realization of KOC’s strategic objectives aimed at advancing Kuwait’s oil and gas sector.

With a focus on innovation, sustainability, and operational excellence, PetroDyn collaborates closely with KOC to enhance efficiency, drive technological advancements, and promote environmental stewardship across the industry. Through strategic partnerships and pioneering initiatives, PetroDyn leverages its expertise to empower KOC in achieving its aspirations for growth, diversification, and leadership in the global energy landscape, thereby reinforcing Kuwait’s position as a key player in the oil and gas sector.

PetroDyn supports KOC's vision as follows:

Achieve sustainable crude oil production capacities in the State of Kuwait at 4.0 MM bpd by 2020 and maintain through 2030.

Achieve sustainable non-associated gas production capacities in the State of Kuwait at 2.5 Bcf/d by 2030.
Grow KPC's domestic refining capacity up to 1.4 MM bpd in the medium term.
Enter into economically viable investment opportunities through partnership with an international partner or alliance with an oil company, focusing on high-growth markets.
Enhance private sector contribution in KPC’s activities and investments.
Encourage Private Sector Contribution and In-Country Value initiatives.

PetroDyn has essential resources under its roof which is valuable for any international company to form an in-country intervention i.e. ICV policy (in Country value %) introduced by Kuwait government that aims to encourage the growth of the private sector to exercise a greater role in economic development, Kuwait Petroleum Corporation and its subsidiaries are striving to maximize the local content in their operations and projects. Currently KPC has an objective of a minimum 20% of contacts, engineering and materials is allocated to the local content. This percentage will increase in accordance to the newly passed tendering law to 30%. Total contribution for IVC for the last FYP around 4.7 billion KD.

Kuwait Vision 2030