KIPIC CEO Waleed Al Bader steps down

KIPIC boss resigns:State-owned Kuwait Integrated Petroleum Industries Company ’s (KIPIC) CEO Waleed Khaled Al Bader has stepped down, the group said on X. Al Bader led the company since 2021 establishing the long-term strategic directions of the Kuwaiti oil sector, the launch of mega projects including Environmental Fuels, Al Zour Refinery, and establishing a permanent liquified natural gas import terminal, according to KIPIC’s April newspaper (pdf). He also contributed to the creation of the 2020 and 2030 strategies for the long-term trajectory of the oil sector. The Al Zour refinery came online in 2022 during his tenure, and Kuwait became a major exporter of refined products — particularly very low sulfur fuel used for shipping, Reuters reports. It has not yet been announced who will replace Al Bader’s role