GPIC exceeds production targets

Gulf Petrochemical Industries Company (GPIC) exceeded all its production targets for 2018, announced Chairman, Dr Ahmed Ali Al Sharyan. The company, Dr. Al Sharyan said, achieved new records by the end of 2018 which includes an increase of 20,000 metric tons over the original target in Urea production.

New record production of 2,078 metric tons of Urea per day was also achieved. The total production during the summer (July - August) for Urea was 120,456 metric tons. “The combined efforts of all had resulted in reduced spending and increased production, despite the global challenges that the petrochemical industry had witnessed in the last one year,” said Dr Al Sharyan speaking during GPIC’s 5th Extraordinary General Meeting (EGM) and its 40th Annual General Meeting (AGM) under the Chairmanship of the Minister of Oil, Sheikh Mohammed bin Khalifa bin Ahmed Al Khalifa.

Petrochemical Industries Company (PIC) of Kuwait was represented by the Company’s Finance Manager Khalid Al Kandari whereas the Saudi Basic Industries Corporation (SABIC) was represented by its VP-Global Finance Reporting & Controllership Khalid Ali Al-Garni. GPIC President Dr. Abdulrahman Jawahery said the company had achieved a new record of 8,311 working days without a lost time accident, which translates to over 30.2 million hours since May 2002.