EQUATE honors oil sector leaders Al-Terkait: EQUATE’s success is result of oil sector support

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Date(s) - 11 January 2010
12:00 am

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EQUATE Petrochemical Company President & CEO Hamad Al-Terkait said the Company’s world-class achievements are a result of the unwavering support extended by Kuwait Petroleum Corporation (KPC) and subsidiaries.

During a ceremony to honor the senior management of some oil sector companies that played a critical role in realizing EQUATE’s 2009 objectives and the commercial operations of new production units, Al-Terkait added that this event is implementation of EQUATE’s Sharing Success philosophy with all stakeholders.

Al-Terkait noted that such support extended to EQUATE since inception affirms the positive role played by KPC and subsidiaries in the growth of Kuwait’s industrial sector, which stems from their belief in the petrochemical industry as being one of the best alternatives for diversifying Kuwait’s income sources through supporting economic and industrial ventures to ensure the country’s overall sustainability.

On his part, EQUATE Ethylene Unit Leader Mohammad Al-Shamary said that cooperation and collaboration between EQUATE and oil sector companies has reached an excellent level due to the sincere desire to serve Kuwait in the best possible way through hard work and dedication, adding that such collaboration has greatly boosted EQUATE’s performance and world-class status.

Considered one of the world’s leading companies in producing Polyethylene and Ethylene Glycol, EQUATE was established in 1995 and it is presently a joint venture between Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). It commenced production in 1997 and currently provides markets in the Middle East, Asia, Africa and Europe with high quality petrochemical products.