|
Kuwait Petroleum Corporation
Kuwait Petroleum Corporation (; KPC) is Kuwait's major national oil company, headquartered in Al Kuwait. The activities of Kuwait Petroleum Corporation are focused on petroleum exploration, production, petrochemicals, refining, marketing, and transportation. KPC produces about 7% of the world's total crude oil. History and profile In 1934 KPC received the first Kuwait Oil Concession Agreement after it was originally formed by the Gulf Oil Corporation and the Anglo-Persian Oil Company. In 1975 the state signed agreements with BP and Gulf and after its shares were progressively increased, Kuwait Petroleum Corporation was founded on 27 January 1980 as an umbrella company, integrating KOC, KNPC, KOTC and PIC and effectively placing them under government control. Between 1983 and 1987 KPC acquired most of Gulf Oil's refining operations in Western Europe. In 1992 KPC began to operate in Spain and in 1994 the company acquired BP's Luxembourg assets. In May 2013 Nizar Al-Ads ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Company
A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goods at lower prices, implement government policies, or serve remote areas where private businesses are scarce. The government typically holds full or majority ownership and oversees operations. SOEs have a distinct legal structure, with financial and developmental goals, like making services more accessible while earning profit (such as a state railway). They can be considered as government-affiliated entities designed to meet commercial and state capitalist objectives. Terminology The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term "state" implies (e.g., it is unclear whether municipally owned corporations and ent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anglo-Persian Oil Company
The Anglo-Persian Oil Company (APOC; ) was a British company founded in 1909 following the discovery of a large oil field in Masjed Soleiman, Persia (Iran). The British government purchased 51% of the company in 1914, gaining a controlling number of shares, effectively nationalizing the company. It was the first company to extract petroleum from Iran. In 1935 APOC was renamed the Anglo-Iranian Oil Company (AIOC) when Reza Shah formally asked foreign countries to refer to Persia by its endonym ''Iran''. In 1954, it was renamed again to The British Petroleum Company, one of the antecedents of the modern BP public limited company. The government of Mohammad Mosaddegh nationalized the company's local infrastructure assets and gave the new company the name National Iranian Oil Company. The D'Arcy oil concession Exploration and discovery In 1901, William Knox D'Arcy, a millionaire London socialite, negotiated an oil concession with Mozaffar al-Din Shah Qajar of Persia. He f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nawaf Saud Al Sabah
Nawaf Saud Al Sabah (Arabic نواف سعود الصباح) is the deputy chairperson of the board and CEO of Kuwait Petroleum Corporation. Early life and career Nawaf Saud Al Sabah received his undergraduate degree from Princeton School of Public and International Affairs and a Juris Doctor from Harvard Law School. Prior to joining KPC in 1999, Nawaf worked as a corporate attorney at Gibson, Dunn & Crutcher LLP. From 2013 to 2019, Nawaf served as CEO of the Kuwait Foreign Petroleum Exploration Company (KUFPEC). Earlier, he held roles within KPC, including Deputy Managing Director and General Counsel. Previously, he served as president and CEO of KPC Holdings (Aruba) AEC from 2019 to 2022. He is also a member of royal family A royal family is the immediate family of monarchs and sometimes their extended family. The term imperial family appropriately describes the family of an emperor or empress, and the term papal family describes the family of a pope, while th .... I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kiire Station
is a passenger railway station located in the city of Kagoshima, Kagoshima Prefecture, Japan. It is operated by JR Kyushu. Lines The station is served by the Ibusuki Makurazaki Line and is located 26.6 km from the starting point of the line at . Layout This is an above-ground station with two opposed side platforms, connected by a footbridge. There is also one non-operational storage track connected to the main line by a crossing switch near Kagoshima-Chuo, which is mainly used for storing maintenance vehicles, where trains can be exchanged. The station is unattended. Platforms Kiire-STA_Gate.jpg, Exit Gate Kiire-STA_Home.jpg, Platform Kiire Station Sign.jpg, Station signage History Japanese Government Railways (JGR) had opened the then from Nishi-Kagoshima (now to on 7 December 1930. In the next phase of expansion, the track was extended south, with Kiire opening as the new southern terminus on 20 May 1934. It became a through-station on 19 December 1934 when ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kuwait Finance House
Kuwait Finance House () (KFH) was established in the State of Kuwait, in 1977, as the first bank operating in accordance with the Islamic Shari'a rulings. KFH is listed on the Kuwait Stock Exchange (KSE), with a market capitalization of $8.2 billion ( KWD 2.49 billion) as of May 2016. Assets total $55.52 billion ( KWD 16.83 billion) and deposits amount to $34.97 billion ( KWD 10.66 billion.) History Kuwait Finance House was established in 1977 as Kuwait's first Islamic bank. It received 170 applications to open new accounts on its first day of operation on 31 August 1978. KFH opened in temporary headquarters on Ahmad Al-Jaber Street, before moving to the Emad Commercial Center in 1983 and then its present-day location on Abdullah Al-Mubarek Street in 1986. By 1983, KFH was the only Islamic Bank listed on the Banker's list of the top 100 Arab Banks. In 1984, KFH was listed on the Kuwait Stock Exchange. In 1989, KFH's subsidiary in Turkey, Kuveyt Turk Participation Bank, was est ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank Of Kuwait
The National Bank of Kuwait (NBK) is a Kuwaiti multinational bank headquartered in Kuwait City and established in 1952. It is the largest financial institution in Kuwait. It operates 138 branches across 13 countries, seven of which are in the Middle East. It also offers alternative investments through its NBK Capital subsidiary, which, since its establishment in 2005, has allocated over $91 billion worth of investment banking mandates as of November 2022. Financial performance For the year 2022, the National Bank of Kuwait posted a net profit In business and Accountancy, accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and Amortization (a ... of USD 1.7 billion. References External links *Company Overview Report On Bloomberg {{Authority control Banks established in 1952 Banks of Kuwait Companies based in Kuwait City Kuw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coronavirus
Coronaviruses are a group of related RNA viruses that cause diseases in mammals and birds. In humans and birds, they cause respiratory tract infections that can range from mild to lethal. Mild illnesses in humans include some cases of the common cold (which is also caused by other viruses, predominantly rhinoviruses), while more lethal varieties can cause SARS, MERS and COVID-19. In cows and pigs they cause diarrhea, while in mice they cause hepatitis and encephalomyelitis. Coronaviruses constitute the subfamily ''Orthocoronavirinae'', in the family ''Coronaviridae'', order ''Nidovirales'' and realm ''Riboviria''. They are enveloped viruses with a Positive-strand RNA virus, positive-sense single-stranded RNA genome and a nucleocapsid of helical symmetry. The genome size of coronaviruses ranges from approximately 26 to 32 kilobases, one of the largest among RNA viruses. They have characteristic club-shaped Spike protein, spikes that project from their surface, which in electron ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by Paul Reuter. The Thomson Corporation of Canada acquired the agency in a 2008 corporate merger, resulting in the formation of the Thomson Reuters Corporation. In December 2024, Reuters was ranked as the 27th most visited news site in the world, with over 105 million monthly readers. History 19th century Paul Julius Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions of 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
QatarEnergy
QatarEnergy (), formerly Qatar Petroleum (QP), is a state-owned petroleum company of Qatar. The company operates all oil and gas activities in Qatar, including exploration, production, refining, transport, and storage. The President and CEO is Saad Sherida al-Kaabi, Minister of State for Energy Affairs. The company's operations are directly linked with state planning agencies, regulatory authorities, and policy making bodies. Together, revenues from oil and natural gas amount to 60% of the country's gross domestic product, GDP. it was the third largest oil company in the world by oil and gas reserves. In 2022, the company had total revenues of US$52 billion, a net income of US42.4bn, and total assets of US$162 billion. In 2021, QatarEnergy was the fifth largest gas company in the world. History Establishment After World War I and the collapse of the Ottoman Empire, Qatar fell within the British sphere of influence and the first onshore oil concession in the country was awarded i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chief Executive Officer
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in various organizations, including public and private corporations, Nonprofit organization, nonprofit organizations, and even some government organizations (notably state-owned enterprises). The governor and CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the profitability, market share, revenue, or another financial metric. In the nonprofit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of the main manager of the organization and the highest-ranking officer in the C-suite. Origins The term "chief executi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nizar Al-Adsani
Nizar Mohammed Al-Adsani is a Kuwaiti businessman and former deputy-chairman and chief executive officer (CEO) of Kuwait Petroleum Corporation. Education Al-Adsani has a bachelor's degree in mechanical engineering from South Dakota State University South Dakota State University (SDSU or SD State) is a public university, public Land-grant university, land-grant research university in Brookings, South Dakota, United States. Founded in 1881, it is the state's largest university and is the sec .... Career Al-Adsani started his career at Kuwait Oil Company (KOC) in 1984. Beginning as a mechanical engineer, he held various positions, rising to superintendent, engineering projects in 1993, head of operational planning in 1997 and general superintendent, project management in 1999. At Kuwait Petroleum Company (KPC) he became manager of planning & investment coordination upstream, switching companies and positions in 1999 and staying until 2004. In 2004 he then was named executi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxembourg
Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembourg City, is one of the four institutional seats of the European Union and hosts several EU institutions, notably the Court of Justice of the European Union, the highest judicial authority in the EU. As part of the Low Countries, Luxembourg has close historic, political, and cultural ties to Belgium and the Netherlands. Luxembourg's culture, people, and languages are greatly influenced by France and Germany: Luxembourgish, a Germanic language, is the only recognized national language of the Luxembourgish people and of the Grand Duchy of Luxembourg; French is the sole language for legislation; and both languages along with German are used for administrative matters. With an area of , Luxembourg is Europe's seventh-smallest count ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
