Kuwait Petroleum Corp.’s trading unit appointed Abdullatif Almukhaizeem as CEO and Robert Johnson as CFO. Former Vitol executive Yann Elbaz was named chief commercial officer.
The unit, launched last May, aligns with Gulf producers expanding fuel trading.Kuwait Petroleum Corp.’s trading unit appointed Abdullatif Almukhaizeem as CEO. KPC Trading is set to launch in Q2, strengthening Kuwait’s global energy presence, said Chairman Sheikh Khaled Al-Malik Al-Sabah.Almukhaizeem, with KPC since the late 1990s, previously led offices in Singapore, China, and London, enhancing its commercial reach.
Yann Elbaz, a distillates trading expert, will shape KPC Trading’s strategy, while CFO Robert Johnson brings financial and risk management expertise.KPC Trading plans to increase jet fuel and diesel sales to Europe, leveraging Kuwait’s expanded 615,000-barrel-a-day Al-Zour refinery.
It may also trade fuel from other producers.Kuwait’s trading ambitions date back to 2017 but were delayed by political challenges.
Now, with added refining capacity, including the fully operational Al-Zour and Duqm refineries, Kuwait is positioned to expand its fuel trading. Oman’s OQ Trading currently manages Duqm’s sales until KPC Trading is fully operational.
