2 Kuwaiti oil companies sign services deal

Kuwait National Petroleum Company (KNPC) and Kuwait Petroleum International (KPI) have signed a deal for downstream services swap. Mohammad Mansour Al-Ajmi, in charge of the KNP public relations, said in a statement to KUNA on Thursday the accord would help in saving a lot of time and effort for gathering information and data. The deal stipulates, in part, exchange of experience, information and resources about optimum practices and lessons for enhancing performance of the companies serving in the refining sector. The accord, signed on Tuesday crowning efforts of the joint committee, was part of the 2030 downstream strategy. The refining sector of the national oil umbrella establishment, the Kuwaiti Petroleum Corporation (KPC), groups the KNPC, the KPI and Kuwait Aviation Fuelling Company (KAFCO).