KUWAIT - Decision Makers: Shaikh Ahmad Al Fahd Al Ahmad Al Sabah.The Acting Oil Minister and Minister of Information, Shaikh Ahmad is a nephew of both the Emir Shaikh Jabir and the SPC 1. (business) SPC - Statistical Process Control. Something to do with quality management.
2. (body) SPC - Software Productivity Centre.
3. (company) SPC - Software Publishing Corporation.
4. Chairman Shaikh Sabah. His father, Shaikh Fahd, was killed while fighting Iraqi invaders Generically speaking, invaders are those who participate in an invasion, often in a militaristic context. Other uses of the word include:
Shaikh Ahmad was made information minister in the 1990s. He took up the additional petroleum portfolio in February 2002 after the resignation of Adel Khalid Al Subaih following an explosion which seriously damaged the Raudhatain oilfield in the north and killed four people. The blast was triggered by a leak from a crude oil pipeline which spread to a power plant and caused the field's production to be suspended.
(Appointed as oil minister on Feb. 14, 2001, Subaih until then was minister of electricity and water. An Islamist now aged 50, Subaih is an engineer educated in the US.
(The Raudhatain explosion was followed by an accident at the Shuaiba oil refinery which damaged a hydrocracking hy·dro·crack·ing
A process by which the hydrocarbon molecules of petroleum are broken into simpler molecules, as of gasoline or kerosene, by the addition of hydrogen under high pressure and in the presence of a catalyst. unit. Subaih blamed both accidents and previous oil fires on "prominent figures" who gave relatives or friends executive positions in the petroleum sector. Without mentioning names, he said "the presence of one single untrained and unqualified person can lead to oil accidents and fires". Subaih added that, although KPC's charter called for the firm to be run on commercial lines, the company had many unqualified executives brought in by powerful relatives. He also pointed to government and parliamentary interference in the petroleum sector - see his background in Vol. 56, No. 25).
As in the case of Shaikh Saud Al Nasser, who had been brought in to reinforce the oil ministry and KPC "Keeping parents clueless." See digispeak. in the late 1990s, Shaikh Ahmad Al Fahd was given this portfolio to speed up the process of involving multi-national companies in Kuwait's upstream sector. In December 1998, Shaikh Saud had established a committee to examine recommended options for foreign companies to develop Kuwait's oilfields under a 20/25-year "incentivised buy-back contract" (IBBC). This had been worked out with the help of Coopers & Lybrand and approved by the SPC as an alternative to a production sharing agreement Production sharing agreements (PSAs) are used primarily to determine the share a private company will receive of the natural resources (usually oil) extracted from a particular country. (PSA (Professional Services Automation) An information system designed to organize, track and manage all opportunities, work, resources, costs, revenues and invoices to improve the productivity and efficiency of the workforce. ) or concessions, prohibited by the current constitution's Article 152.
Now Shaikh Ahmad chairs the committee and hopes the IBBC would be passed before end-2003 by a parliament to be elected on July 6. The committee's other key members include Sultan SULTAN. The title of the Turkish sovereign and other Mahometan princes. , KPC deputy chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ; and Arbeed, CEO of KOC KOC Knights of Columbus
KOC Kings of Chaos (gaming)
KOC Kuwait Oil Company
KoC Knights of Cydonia (Muse song)
KOC Kiss on the Cheek
KOC Kuwait Olympic Committee
KOC Kids of Cracatau .
In mid-2001, Subaih had got the oil ministry to resume its role as the main state institution in charge of oil policy. He had restructured the ministry into four main sections: (1) finance & administration, (2) an economic department, (3) a technical unit, and (4) data and media. Since then the ministry has been more effective in monitoring Kuwait's petroleum and overseeing the sector.
In August 2001 Saud Abdullah Ahmad
Tan Sri Abdullah Ahmad (born 1933) is a Malaysian journalist and a politician. Al Farhan and Ali Sabit Mohammed Bin Sabit were appointed as assistant under-secretaries at the ministry with each having a four-year term. Issa Al Aoun, the under-secretary, says the new parliament will approve the IBBC model before end-2003.
In OPEC OPEC: see Organization of Petroleum Exporting Countries.
in full Organization of the Petroleum Exporting Countries
Multinational organization established in 1960 to coordinate the petroleum production and export policies of its ministerial meetings, Shaikh Ahmad follows the Saudi line. After their latest conference in Doha, Qatar, on June 11, when the OPEC oil ministers decided to keep the oil production and quotas unchanged until they meet again on July 31 to review the situation, Shaikh Ahmad told reporters no action was taken because of uncertainty on when Iraq will return to the oil market. There will be another OPEC ministerial meeting on Sept. 24. With strong US gasoline demand keeping world crude oil prices high, the value of OPEC's basket of seven crude oils is well above the average of $25/b in its $22-28/b price band. Saudi Oil Minister Ali Naimi says OPEC must keep defending oil prices at an average of $25/b.