Petroleum Dynamics

Kuwait Vision 2030

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.

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Petroleum Dynamics Images
Petroleum Dynamics Images

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.

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