• CERAWeek
  • March 18 - 22, 2024

Ghanim N. Al-Otaibi

Kuwait National Petroleum Company (KNPC)

Deputy Chief Executive Officer, Fuel Supply Operations

I am currently working for Kuwait National Petroleum Company (KNPC) as Deputy Chief Executive Officer (Fuel Supply Operations) since 19/6/2018 with the responsibility for Kuwait Aviation Fueling Company, Local Marketing Department and Risk Management Department. Also currently, I am also responsible for Projects Directorate as Deputy Chief Executive Officer. I have been working for Kuwait Petroleum International (KPI) as Vice President- Asia, with the responsibility for all downstream Business Development activities in Asia (mergers; acquisitions; grass-root and brown field projects in Joint Venture for refining, petrochemicals and marketing). In such capacity, I manage a multi-billion USD portfolio of projects in the main markets in Asia.

Sessions With Ghanim N. Al-Otaibi

Tuesday, 7 March

  • 07:15am - 08:20am (CST) / 07/mar/2023 01:15 pm - 07/mar/2023 02:20 pm

    Investing in Downstream: Expanding fuels and petrochemicals production in the face of uncertain demand

    Recent years have seen increased volatility in product demand, leading to undersupplied and oversupplied markets in rapid succession. Downstream players are faced with an increasing array of current market uncertainties as the impacts of the global pandemic ease and new volatility related to Russia’s invasion dominate trade, particularly in Europe. Looking forward, energy security is a rising theme juxtaposed to accelerating decarbonization and energy transition. In some regions, downstream companies see transition as an opportunity to develop low-carbon manufacturing hubs, leverage biomass and circular feedstocks, integrate fuels and petrochemicals processing and produce low-carbon hydrogen via carbon capture or electrolysis. How should companies allocate capital and invest to retain flexibility and guard against volatility while capturing evolving demand and margin opportunities for both traditional and new types of products?