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Kuwait, Shell renew cooperation | Kuwait Times Newspaper

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KUWAIT: HH the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah received at Bayan Palace on Monday Minister of Oil Tareq Al-Roumi, who was accompanied by visiting CEO of Shell Wael Sawan and Kuwait Vice President and Country Chair at Shell Anwar Al-Mutlaq. Present at the meeting was Deputy Chairman and CEO of Kuwait Petroleum Corporation (KPC) Sheikh Nawaf Saud Nasser Al-Sabah.

Kuwait Oil Company (KOC) and Shell later announced that they have signed the extension of the three enhanced technical services agreements (ETSAs) between them. The ETSA agreements cover technical services to be performed by Shell to assist KOC in its production plans for the Northern and Western fields and gas development. They were signed by Acting CEO and Deputy CEO for Project Management and Engineering at KOC Fahad Al-Kharqawi and Al-Mutlaq. The signing ceremony was witnessed by Sheikh Nawaf and Sawan.

KOC and Shell officials sign the extension of three enhanced technical services agreements.

KOC and Shell officials sign the extension of three enhanced technical services agreements.

This milestone underscores the ongoing commitment of both organizations to advancing the development of Kuwait’s oil fields through innovative and collaborative efforts. The extension of the ETSAs, originally signed in 2016 and valid for 10 years each, extend the services through 2029 respectively.

The strategic extension of this collaboration is aligned with KPC’s long-term objectives to boost production capacity to 4 million barrels per day of crude oil and 2 billion cubic feet per day of gas by 2040, while maintaining a resilient and sustainable energy sector. It will leverage KOC and Shell’s joint dedication to driving innovation and excellence in Kuwait’s oil and gas industry. Shell will deploy advanced technological capabilities and expertise, ensuring the implementation of innovative solutions to enhance oil production and operational efficiency in Kuwait’s Northern oil fields.

Sheikh Nawaf stated: “The extension of the ETSAs marks the continuation of the cooperation between KPC’s subsidiaries and Shell. These collaborations are essential to unlock value, optimize our resources and demonstrate our commitment to finding innovative solutions by working with leading players in the global oil and gas industry. Shell’s performance during the current term of the ETSAs has been fundamental to growing oil and gas production, optimizing costs and building local capabilities, and we look forward to continued collaboration.”

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NBK warns customers about risks of fraudulent online shopping offers

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KUWAIT: In line with its unwavering commitment to fostering financial literacy and empowering all segments of society, NBK continues to bolster its support for the “Let’s Be Aware” banking awareness campaign. Spearheaded by the Central Bank of Kuwait in collaboration with local banks and Kuwait Banking Association (KBA). As part of its commitment to customer protection, NBK is actively educating the public about fraudulent online shopping offers, often promoted through social media. These scams typically feature links to fake applications or websites that lure victims with enticing discounts and promotions.

Designed to mimic legitimate platforms, these fraudulent sites deceive users into providing sensitive personal and banking details — such as account and credit card numbers — ultimately compromising their financial security. NBK urges customers to remain vigilant and avoid engaging with suspicious links, reinforcing its dedication to safeguarding the community from cyber threats. NBK advises customers to exercise caution and avoid being misled by deceptive shopping deals that promise steep discounts. The bank emphasizes the importance of verifying website URLs and refraining from clicking on links from unknown sources — especially those received via email that advertise offers that appear too good to be true.

Furthermore, NBK cautions customers about the risks of saving credit card details on e-commerce websites or browsers for faster future transactions. The bank highlights that such platforms are susceptible to security breaches, potentially exposing stored banking data to theft. The Bank also emphasizes that it will never request personal information via email, text messages, or phone calls. Additionally, NBK warns customers against responding to such messages, as they are often fraudulent attempts to steal banking credentials, sensitive data, or funds.

NBK remains vigilant in monitoring emerging fraud tactics, educating customers, and providing clear guidance on how to stay protected. Through comprehensive awareness materials shared across its digital platforms, the bank continuously emphasizes the importance of engaging only with trusted links and avoiding interactions with unidentified sources. Harnessing its vast communication capabilities, NBK utilizes all its digital channels — boasting the largest following among Kuwaiti banks — to ensure the widest dissemination of the campaign’s messages, effectively reaching the largest possible audience.

Led by the Central Bank of Kuwait in partnership with Kuwait Banking Association, “Let’s Be Aware” stands as the region’s most comprehensive financial literacy campaign. Aimed at empowering bank customers, the initiative delivers essential education on critical financial topics. Key focus areas include practical steps to prevent fraud, strategies for maximizing banking services, and fostering a strong culture of savings and investment. By equipping individuals with the knowledge and tools to make informed financial decisions, the campaign strengthens financial security and resilience across Kuwait’s banking sector.

As a leading financial institution in Kuwait and the region, NBK remains a key supporter of the Central Bank of Kuwait’s initiatives aimed at enhancing financial literacy and promoting banking awareness across all segments of society. The bank actively organizes various educational events to keep the community informed about critical banking issues while also investing in specialized training programs for its employees. By strengthening expertise in fraud prevention and financial crime mitigation, NBK reinforces its commitment to safeguarding customers and upholding the integrity of the financial sector.

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Kuwait unveils Bayraktar TB2

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Kuwait unveils Bayraktar TB2

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Ministry of Social Affairs distributes hearing aids to citizens

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KUWAIT: Minister of Social Affairs, Family and Childhood Affairs Dr Amthal Al-Huwailah on Thursday announced the distribution of the first batch of hearing aids to citizens with hearing impairments, following a years-long suspension. The initiative aims to support their daily lives and enhance their ability to communicate and integrate into society. Speaking to Kuwait News Agency (KUNA), Dr Al-Huwailah emphasized that hearing aids are vital tools that enable individuals to lead independent lives and engage naturally with their surroundings.

“This is just the beginning,” she said, noting that subsequent batches will follow to meet all pending requests, with priority given based on the order of application. She also underscored the commitment of the Public Authority for the Disabled to continue providing a range of assistive and prosthetic devices—including wheelchairs and other essential equipment—to empower individuals with disabilities both psychologically and socially, and to further support their integration into the community. — KUNA

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