100 Kuwaitis Are Exempt From The 35-year Requirement For Retirement By Kpc

The Board of Directors of Kuwait Petroleum Corporation has accelerated the pace of work related to strategic project organization, management, and completion, which represents unprecedented interaction with current stage requirements.

After many years and the loss of many experts in business, the sources said the KPC took several vital decisions, most notably the exclusion of a group of workers in the oil sector from the condition of 35 years for retirement and 32 for promotion, including about 100 Kuwaitis who were sent on scholarships within the Kuwait Oil Tanker Company program, considering it is the only scholarship system in the oil sector, whose graduates are promised employment onboard the Kuwaiti tanker fleet according to their ranks in marine navigation or marine engineering.

According to sources, the possibility of excluding other categories will be discussed and reviewed in accordance with the controls, regulations, and conditions if the conditions for exclusion are met for any other category.

Based on coordination with the Deputy Prime Minister, Minister of Oil, Chairman of the KPC Board of Directors, Dr. Badr Al-Mulla, and Sheikh Nawaf Saud Al-Sabah, the KPC CEO and Deputy Chairman of the Board of Directors will pay out cash allowances for vacations this December, sources said.

 

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