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Kuwaiti oil firms switch CEOs

RIYADH, November 4, 2015

The heads of the state-owned Kuwait Oil Company (KOC) and Kuwait Foreign Petroleum Exploration Company (Kufpec) will swap positions, Oil Minister Ali Al-Omair said on Wednesday.

"There is a decision to circulate the management, yes," he told Reuters when asked about reports on whether there was a switch between the CEOs of the KOC and Kufpec.

KOC head Hashem Hashem will become CEO of Kufpec, whose boss Sheikh Nawaf Al-Sabah will become CEO of the KOC. - Reuters




Tags: KOC |

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