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The most prominent events related to the oil and energy sector (electricity and water) in Kuwait in 2021

26-12-2021

The oil and energy sector (electricity and water) has witnessed many activities and events, especially that Kuwait is an oil-producing country characterized by huge oil projects and has its impact and important role in stabilizing the global market and in expanding its activity more and implementing related projects in addition to projects related to energy, especially electricity, water and renewable energy. Those events in 2021: January 1: The Kuwait Petroleum Corporation announces the export of the first shipment of low-sulfur diesel to Pakistan, represented by the Pakistan National Oil Company, on board the petroleum products tanker (Al-Salam-2) owned by the Kuwait Oil Tankers Company. January 4: The Ministry of Oil announces the discovery of two new oil fields for the Kuwait Oil Company in the Jurassic layers in different regions of the country, in addition to the discovery of the extension of the northern part of the Great Burgan field as part of the field development operations. January 4: The price of a barrel of Kuwaiti oil rose by $2.11 to reach $52.75 in the first trading of the year, compared to $50.64 in last December's trading, according to the price announced by the Kuwait Petroleum Corporation. January 14: The inauguration of the (OQ8) brand for the Duqm Refinery and Petrochemical Industries Company in Oman from the Kuwait Petroleum International (Q8) and the Omani Okio Company (Okio). February 4: The Kuwait Oil Company announces the reduction of natural gas flaring rates to less than one percent through the optimal exploitation of hydrocarbons in accordance with international and environmental health and safety standards, which it described as a new global achievement for it. April 10: The Kuwait National Petroleum Company announces the operation of Hydrocracking Unit No. (214) at Mina Abdullah Refinery, a new unit affiliated to the Environmental Fuel Project, where it works to crack heavy gas oil and then convert it into light products of high value and quality. April 25: Minister of Electricity, Water and Renewable Energy and Minister of Social Affairs and Community Development Dr. Mishaan Al-Otaibi issues a ministerial decision that supports the local agricultural product through sales outlets in cooperative societies by purchasing directly from Kuwaiti farms without intermediaries. July 7: The price of a barrel of Kuwaiti oil rose by 1.27 dollars to reach 77.22 dollars. July 12: The Kuwait Integrated Petroleum Industries Company (KIPIC) announces the arrival of the first tanker carrying the first shipment of liquefied natural gas to the port of the permanent units for importing liquefied natural gas in the port of Al-Zour, with a volume of 213,000 cubic meters, marking the near operation of the units. July 14: The Kuwait Oil Company signs three contracts with contracting companies to treat soil contaminated with oil leaks as a result of the Iraqi invasion within the Kuwait Environmental Rehabilitation Program, which is the largest environmental rehabilitation project in the world. July 28: The Kuwait Oil Company signs two new contracts with two contracting companies to treat soil contaminated with oil spills as a result of the Iraqi invasion within the framework of the Kuwait Environmental Rehabilitation Program. August 11: The Kuwait Gulf Oil Company begins the actual operation of the first 100-kilometre onshore and offshore pipeline to transport light gas from the export facility of the Khafji Joint Operations to Kuwait by linking with the gas lines of the Kuwait Oil Company that feed the Al-Zour Power Station. September 9: Kuwait Petroleum International wins two awards from the British Society for Accident Prevention (ROSPA), which is an award for the best accident prevention company in the petrochemical sector, and the Gold Award for Occupational Health and Safety for the tenth year in a row. September 9: The Kuwait Integrated Petroleum Industries Company (KIPIC) inaugurates the administrative building of the Al-Zour Oil Refinery Complex under the patronage and presence of His Highness Sheikh Sabah Khaled Al-Hamad Al-Sabah, Prime Minister. September 10: Kuwait Petroleum International (Q8) opens a model fuel station at the European level near Milan, northern Italy. September 21: The Kuwait National Petroleum Company announces the success of the full operation of the environmental fuel project, which is considered the most important and largest development project in the history of the Kuwaiti oil sector and one of the vital and major development projects at the state level. September 29: The price of a barrel of Kuwaiti oil rose by $1.18 to $79.69. October 5: Minister of Electricity, Water and Renewable Energy and Minister of Social Affairs and Community Development Dr. Mishaan Al-Otaibi inaugurates the ceremony of launching smart meters for the Ministry of Electricity and the ministry’s plan to install 800,000 smart meters and sign a contract to supply 200,000 meters as a first stage, and the tender for the second stage is on its way to tender. October 18: The Kuwait National Petroleum Company (KNPC) controls a fire that broke out in the 42nd oil desulfurization unit located at the company's Mina Al-Ahmadi refinery, injuring a number of workers. October 23: Kuwait Petroleum International supplies London's Gatwick Airport with the first shipment of sustainable aviation fuel (SAF). October 26: The price of a barrel of Kuwaiti oil rises by 1.65 dollars to reach 85.55 dollars. October 27: Kuwait Petroleum Corporation signs a memorandum of understanding with the United Nations Human Settlements Program (Habitat) to achieve the sustainable development goals. November 1: KOC wins two awards from (Global Business Outlook - 2021) in the categories of Best Oil and Gas Exploration and Production Company and Best Crisis Response Management (Covid 19 Response and Awareness Initiatives). December 13: Kuwait Petroleum Corporation obtains the ISO certificate in risk management, the first of its kind in the Middle East to obtain this certificate. December 15: Kuwait National Petroleum Company opens a new fuel filling station in the residential city of Sabah Al-Ahmad, located in the south of the country.