KIPIC in collaboration with KPC ensures a consistent supply of ‘low-sulfur’ fuel oil

This news has been read 1085 times!

KUWAIT CITY, Jan 18: Kuwait Integrated Petroleum Industries Company (KIPIC), in collaboration with Kuwait Petroleum Corporation, has successfully ensured a consistent, stable, and secure supply of low-sulfur fuel oil across all its northern and southern stations, reports Al-Seyassah daily.

This accomplishment aligns with the Ministry of Electricity, Water, and Renewable Energy’s broader efforts for a comprehensive shift towards cleaner energy sources. Abdullah Fahad Al-Ajmi, the official spokesperson for KIPIC, stated that this achievement is the result of collaborative endeavors between KIPIC, Kuwait Petroleum Corporation, and the Ministry. The complete transition to low-sulfur fuel oil underscores the ministry’s effective contribution to environmental preservation, reduction of environmental impact, and the enhancement of air quality in Kuwait.

The adoption of low-sulfur fuel oil is a strategic move to diminish sulfur emissions, address air pollution concerns, and support global initiatives against climate change. This transition also reaffirms Kuwait’s commitment to environmentally sustainable practices in its energy sector. Al-Ajmi emphasized that the cooperation between KIPIC and Kuwait Petroleum Corporation not only ensures a reliable supply of low-sulfur fuel oil but also marks a significant milestone in the Ministry of Electricity, Water, and Renewable Energy’s pursuit of an environmentally friendly energy framework and national self-sufficiency.

Additionally, there is an increased demand for air freight due to the crisis in the Red Sea, with manufacturing companies seeking alternative routes after attacks on cargo ships. The international shipping reservation platform “Fretos” reported a 91% weekly increase in shipping prices from China to Europe. Despite the disruptions, the impact on the global economy is currently considered minimal, according to International Monetary Fund Director Kristalina Georgieva, who warned of potential negative consequences if the situation escalates further.

This news has been read 1085 times!

Related Articles

Back to top button

Advt Blocker Detected

Kindly disable the Ad blocker

Verified by MonsterInsights