KUWAIT CITY, Aug 2: Chief Executive Officer (CEO) of Kuwait Petroleum Corporation (KPC) Sheikh Nawaf Al-Saud has asked the heads of subsidiaries to expedite the termination of team leaders, managers, and other employees at the same level. This decision was taken at a time when KPC announced an increase in the acceptance rate for technical diploma holders from 50 percent to 71 percent.

It applies to employees who have completed 35 years of service and are registered with the Public Institution for Social Security (PIFSS), provided they are given at least three months' notice before the end of service. Sources stated that the decision stipulates extension in exceptional cases (a maximum of three years or until they reach the age of 60, whichever comes first) as per the criteria and conditions. Sources disclosed that the extension decision mandates the CEO of the concerned oil company to submit a letter of recommendation to the KPC CEO, indicating the justifications for extension.

They added that the oil sector will soon witness the issuance of a decision to increase the number of nationals employed in the subsidiaries through the publication of more job advertisements and filling vacancies in the subsidiaries. They affirmed that the CEO prioritizes preserving Kuwaiti human expertise in the oil sector. Meanwhile, Kuwait National Petroleum Company (KNPC) has completed the transfer of assets and operations of LPG cylinder filling plants, as well as the employees of Kuwait Oil Tanker Company (KOTC), to be under its financial responsibility.