Oil Workers Union: 'Shaheen' is the largest foreign direct investment in Kuwait's history
Al-Mutairi: The project embodies the success of Kuwait Petroleum Corporation’s strategy
The Oil and Petrochemical Workers Union has congratulated Kuwait Petroleum Corporation (KPC) on the signing of the “Shahin” project agreement, affirming that it represents the largest foreign direct investment in the history of the State of Kuwait and reflects the Corporation’s successful approach in seizing global investment opportunities.
In a statement to the press, Union President Saud Al-Mutairi said that the Union watches with pride the historic announcement of the project, which demonstrates the capacity of the national oil sector to attract global capital and forge solid strategic partnerships.
He clarified that this achievement is the fruit of the vision and efforts led by the Deputy Chairman and Chief Executive Officer of Kuwait Petroleum Corporation, Sheikh Nawaf Al-Sabah, noting that the Corporation continues to lead the oil sector toward further development and sustainable growth, while safeguarding national interests and enhancing Kuwait’s position in global energy markets.
He added that the “Shahin” project exemplifies a model for maximizing the economic value of strategic assets through global partnerships that preserve the state’s rights, provide financial liquidity to support production capacity enhancement plans, and strengthen Kuwait’s competitiveness.
Al-Mutairi affirmed the Oil and Petrochemical Workers Union’s full support for the Corporation’s directions, praising what he described as an ambitious approach to leveraging global investment opportunities, thereby ensuring the sustainability and prosperity of the oil sector.
He also commended the employees of Kuwait Petroleum Corporation and its subsidiaries, affirming that they constitute the fundamental pillar of this success, and that the Union will continue to defend their rights and support all initiatives that enhance the work environment and job security.
He stressed that the “Shahin” project represents a pivotal milestone in Kuwait’s economic development journey, and a message confirming that the oil sector is moving confidently toward the future, led by capable leadership that transforms challenges into opportunities for growth.
He concluded by congratulating Kuwait Petroleum Corporation and its leadership on this achievement, wishing for continued successes that contribute to supporting the national economy and elevating Kuwait’s standing.
