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KOC celebrates its 75th anniversary

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KOC celebrates its 75th anniversary Powered By Docstoc
					                                                                                                                                                                                                                 ALWATAN DAILY
  kuwait                                                                                                                                                                                         TUESDAY, DEcEmbEr 22, 2009
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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                                                                                                military base attackers withdrawn,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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