Kuwait’s KPC on road to revive stalled projects in Oil & Companies News 06/06/2026 Forty-six years after its establishment, and in light of the Cabinet’s approval to amend certain provisions of Law No. 6/1980 concerning the establishment of the Kuwait Petroleum Corporation (KPC), due to difficulties and obstacles hindering the corporation from achieving its desired objectives, former minister and former KPC Board Member Yahya Al- Sumait confirmed that KPC had indeed faced several challenges that impeded its progress. He indicated that the Cabinet’s approval of these amendments represents a significant step toward launching stalled oil projects. Al-Sumait explained that the anticipated amendment will help remove many of the difficulties and challenges that have been hindering KPC’s operations and projects. The law had previously been used by some members of the National Assembly as a justification for undeserved appointments of individuals who did not meet the required criteria, which in turn negatively affected the performance of some positions. The amendment to the law would enable KPC to privatize some of its facilities that are not directly related to oil resources. He expressed hope that the amendment would facilitate the entry of the local private sector and foreign companies into the oil sector, thereby increasing KPC’s revenues. Al-Sumait said one of the benefits of amending the law would be greater flexibility in accelerating the merger of oil companies. He noted that the process of transferring KPC’s assets to the Kuwait National Petroleum Company (KNPC) had taken a considerable amount of time before the final merger phase was announced. Al-Sumait stated that current laws hinder KPC’s progress in the required restructuring due to overlapping jurisdictions with other entities, in addition to legislative obstacles related to certain restrictions on profits and tenders. KPC’s financial situation may not improve after the halt of Kuwaiti oil exports due to