Minister of Oil
Mr Bakheet Al-Rashidi is the Chief Executive Officer (KPC Holdings-Aruba) and the President (Kuwait Petroleum International), since May 2013.
KPI is an international downstream subsidiary of Kuwait Petroleum Corporation (KPC), the state-owned entity responsible for Kuwait’s hydrocarbons interests world-wide. KPI has two refineries in the Netherlands and Italy, a supply and marketing network for retail, aviation, lubricants and speciality products, as well as research activities spread across Europe.
KPI is constructing a mega grass-root refinery project in Vietnam (NSRP) as a JV, with capacity of 200,000 barrels per day.
Mr Al-Rashidi has held several key positions during his career spanning nearly three decades, including: deputy chairman and deputy managing director for planning and local marketing of KNPC, a downstream domestic refining company; member of the board at KOC, a large upstream national oil and gas company; and chairman and managing director of M/s Kuwait Aromatics (KARO) from 2009 to 2012, a joint venture private sector petrochemicals company.
Mr Al-Rashidi is a chemical engineer by profession and an active member of several premier international bodies and technical committees on oil and gas. He was involved in 25 major projects which are being executed by KNPC, the downstream subsidiary company of KPC in Kuwait.