Kuwait Vision 2030

PetroDyn supports KOCs vision as follows

 Achieve sustainable crude oil production capacities in the State of Kuwait 4.0 MM bpd by 2020 and maintain through 2030

  •  Achieve sustainable non-associated gas production capacities in the State of Kuwait 2.5 Bcf/d by 2030
  •  Grow KPC domestic refining capacity up to 1.4 MM bpd in the medium term
  •  Enter into economically viable investment opportunities through partnership with an international partner or alliance with oil company, focusing on high growth market.
  •  Enhance private sector contribution in KPC’s activities/investments
  •  Private Sector Contribution- In Country Value

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.