KOC celebrates its 75th anniversary
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ALWATAN DAILY
kuwait TUESDAY, DEcEmbEr 22, 2009
3
KOC celebrates its 75th anniversary Charges against alleged US
military base attackers withdrawn,
KUWAIT: Kuwait Oil company (KOc) cele e
ebrated, on monday, its 75th anniversary since its
establishment in 1934, boasting a history of great
achievements and an archive that illustrates the
torture involved in confessions
construction of modern Kuwait.
chief Executive Officer (cEO) of Kuwait Pee e KUWAIT: Kuwait’s public prosecue e were suspected of being members of an
troleum corporation (KPc) Saad Al Shuwaib said, tor is set to withdraw a key conspiracy AleQaeda cell that was preparing to ate e
on monday, that for His Highness the Amir Sheikh charge against six nationals on trial for tack camp Arifjan and other key instale e
Sabah AleAhmad AleSabah to sponsor and attend plotting attacks against a US military lations. They have been in custody since
Kuwait Oil company’s (KOc) 75th anniversary base in the Gulf emirate, a defense lawe e their arrest in the first week of August.
celebrations is proof of the importance of the event yer said on monday. Prosecutors took the The judge set Jan. 18 for the next
and an honor for all oil sector employees. decision a month ago and also ordered an hearing when a state security officer will
“As we remember this day of KOc establishe e inquiry into allegations by the accused be crosseexamined. The judge also called
ment, we proudly remember the sacrifices, dedicae e that they had been tortured in custody, chemicals and forensic experts to testify
tion, and commitment of many people who knew Jamal AleKundari said, although Judge e
in the case. He rejected a defense applicae
the meaning of work for this country and future Hisham Abdullah retained the charge tion for bail.
generations,” AleShuwaib told Kuwait News Agene e on the charge sheet read out in court at One of the suspects, mohammed
cy (KUNA). monday’s opening hearing. Assad, a surgeon at a public hospital, apee
“Words cannot describe this long history for All six of the eight accused in custody peared in court with his arm in a sling,
KOc in the oil industry sector, education, and pleaded not guilty to all of the charges an injury he said he had sustained during
technology,” AleShuwaib added. leveled against them, which also include questioning.
The cEO noted that history will show how planning to manufacture explosives, illee e Following the arrest of the six, a US
KOc carried on with its responsibilities very suce e gally possessing weapons and hiding longe defense department spokesman said that
cessfully, whether in the exploration, development time AleQaeda suspect mohsen AleFadhli, US forces in Kuwait had been targeted
and production sectors. who has been on the run since January for attack but added that it was unclear
At the end of the 1920s, Kuwait faced great 2005 and was one of two defendants bee e if the suspects were linked to AleQaeda or
challenges, like the increase of the production of ing tried in absentia. planned to strike camp Arifjan.
cultured pearls which affected the price of natural The men told the judge that their iniee About 15,000 US soldiers are stae e
pearls in Kuwait. At this stage, Kuwaitis started to tial confessions were extracted under tore e tioned in Kuwait, an oilerich emirate
look at the black areas in the deserts, not knowing ture by the emirate’s secret service. which is also used as a transit point for
that they could change Kuwait’s future. Kuwaitis The suspects were arrested in August thousands of US soldiers going to and
sought the help of the british Petroleum company, and the interior ministry then said they from neighboring Iraq. eAFP
which had at that time discovered oil in bahrain.
KOc’s recent publication entitled, Progress
Kuwaiti delegation
and Prosperity, explained that the company was
established under a joint ownership agreement
between the AngloeIranian Oil company, now
to OPEC arrives in Angola
known as british Petroleum (bP), the Gulf Oil core e
poration (GOc) known today as chevron and the
Kuwaiti government. In 1938, oil was discovered
in burgan welle1. During the following years, eight
exploration and appraisal wells were drilled which LUANDA: Kuwaiti delegation to pare e e
ing such as that of Iraq, United Arab Emire
established burgan as one of the largest producing Historical photo of workers establishing pipelines during the infancy of the Kuwait Oil Company. ticipate in the upcoming ministerial meete e ates, Ecuador and Angola said that they
oil fields in the world. (KUNA) ing of the Organization of the Petroleum were in favor of the current quota with
Drilling and production operations, however, Exporting countries (OPEc) arrived in signs of reviving economies and thriving
were suspended due to the eruption of World War sembly giving 60 percent control of the operations by September wells were under construction and Angola on monday. The delegation heade e stock markets, and added that they were
II. After the end of the war in 1945, operations and facilities of KOc to the State of Kuwait while crude oil production once again exceeded the two ed by Kuwait’s representative in OPEc satisfied of prices varying from 75e80
were resumed and the eight drilled wells produced remaining 40 percent were divided equally bee e million barrels per day. Siham Alerazzouqi will be taking part in American dollars per barrel. The Saudi
at a rate of 30,000 barrels per day; surface faciliee tween bP and GOc. In 1975 the Kuwaiti governe e In 1995 extension exploration and develope e the organization’s 155th meeting held for Oil minister Ali AleNuaimi said earlier
ties and pipelines were constructed and Kuwait ment assumed full ownership of the company. ment programs were designed. In December of the first time in the Angolan capital, Luanee that most of the members were supporte e
was ready for a new era of prosperity. In 1980, Kuwait Petroleum corporation (KPc) the same year, the company signed a contract with da. The oneeday meeting is scheduled to e
ing this decision especially countries proe
The book added, in June 1946, His Highness was established by an Amiri decree, KOc was chinese Petroleum corporation to build gathering kick off Tuesday in the world’s third large e ducing oils which are difficult to extract.
the late Sheikh Ahmad AleJaber, then the Amir of given the responsibility of oneshore and offeshore centers 27 and 28 in west Kuwait. est oil exporter Angola and would tackle OPEc’s commission that is monitoring the
Kuwait, inaugurated the first shipment of oil when exploration, drilling, development, and production e
Today, KPc overseas a fullyeintegrated induse committing to the quota set by the orgae e market and of which groups from Kuwait,
he turned the silver wheeled valve to start loading of hydrocarbons in the state of Kuwait. try with operations spanning six continents. nization to maintain price stability. The Iran, Nigeria along with the organization’s
the first flow of oil onto the 12,000 ton “british between August 1990 and February 1991, The company’s various activities of sports, latest report issued by OPEc in Deceme e Secretaryegeneral will be participating in
fuzilier” tanker. nearly 80 percent of KOc producing wells, instale e entertainment and social facilities continued at ber said that that production and demand e
a meeting set to take place tonight to dise
e
In 1955, exploration activities continued, leade lations and facilities were destroyed in the wake of all levels; in march 2000, the 14th Ahmadi Sports would remain low during the next couple cuss current market conditions, and come
ing to the discovery of raudhatain field in north the Iraqi invasion and 700 oil wells set ablaze. Day was held. The year 2006 witnessed a historic of months while adding that they might up with recommendations that would
Kuwait and minagish field in west Kuwait. In 1974, The first posteliberation shipment of 1.64 milee incident as Kuwait joined the Organization for go up by the second half of 2010. be presented before members during
a partnership was ratified by Kuwait National Ase e lion barrels of crude oil left Kuwait in July 1991, countries producing natural gas. eKUNA e
Oil ministers participating in the meete Tuesday’s meeting. eKUNA
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