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In May 2013 [[Nizar Al-Adsani]] was appointed [[chief executive officer]] of the corporation.<ref>{{cite news|title=Kuwait replaces oil officials at KPC after $2.2 billion Dow payment|url=https://www.reuters.com/article/us-kuwait-oil-idUSBRE94I01Y20130519|access-date=9 October 2014|work=Reuters|date=19 May 2013}}</ref> In December 2018 Hashem Hashim was appointed as chief executive officer.<ref>{{cite web|url=https://mecei.org/hashem-hashim-appointed-as-ceo-of-kuwait-petroleum-corporation/|title=Hashem Hashim appointed as CEO of Kuwait Petroleum Corporation|work=Oil & Gas World|access-date=15 July 2020}}</ref>
In May 2013 [[Nizar Al-Adsani]] was appointed [[chief executive officer]] of the corporation.<ref>{{cite news|title=Kuwait replaces oil officials at KPC after $2.2 billion Dow payment|url=https://www.reuters.com/article/us-kuwait-oil-idUSBRE94I01Y20130519|access-date=9 October 2014|work=Reuters|date=19 May 2013}}</ref> In December 2018 Hashem Hashim was appointed as chief executive officer.<ref>{{cite web|url=https://mecei.org/hashem-hashim-appointed-as-ceo-of-kuwait-petroleum-corporation/|title=Hashem Hashim appointed as CEO of Kuwait Petroleum Corporation|work=Oil & Gas World|access-date=15 July 2020}}</ref>


In January 2020, Kuwait Petroleum Corporation and [[QatarEnergy]] signed a 15-year sale and purchase agreement for the supply of up to 3 million tonnes of LNG to Kuwait annually.<ref>{{cite news |title=automotive digital marketing |url=https://automotive-marketing.com/}}</ref><ref>{{cite web|url=https://www.reuters.com/article/us-kuwait-qatar-lng-statement/qatar-to-supply-kuwait-with-3-million-tonnes-of-lng-a-year-idUSKBN1Z407L|title=Qatar to supply Kuwait with 3 million tonnes of LNG a year|work=[[Reuters]]|access-date=5 January 2020}}</ref> The agreement was signed in order to meet Kuwait's growing energy needs and the LNG delivery will begin from 2022.<ref>{{cite web|url=http://www.xinhuanet.com/english/2020-01/05/c_138680146.htm|archive-url=https://web.archive.org/web/20200105192019/http://www.xinhuanet.com/english/2020-01/05/c_138680146.htm|url-status=dead|archive-date=5 January 2020|title=Kuwait, Qatar sign long-term gas supply agreement|access-date=5 January 2020|publisher=Xinhuanet}}</ref> In March 2020, KPC announced that it and all of its subsidiaries were to cut capital and operational spending for the year since the spread of the [[coronavirus]] caused serious problems in oil supply and prices.<ref>{{Cite web |title=Kuwait's KPC to cut spending on "unprecedented" oil price slide |url=https://energy.economictimes.indiatimes.com/news/oil-and-gas/kuwaits-kpc-to-cut-spending-on-unprecedented-oil-price-slide/74811521 |access-date=17 March 2023 |website=energy.economictimes.indiatimes.com}}</ref><ref name=":0">{{Cite web |date=2020-07-26 |title=Kuwait Petroleum keen on preserving public funds, CEO says |url=https://arab.news/cgb8r |access-date=2023-03-17 |website=Arab News |language=en}}</ref> CEO Hashem stated that the KPC was implementing ways to preserve public funds also beneficial to Kuwait, after the government reduced spending in the energy sector.<ref name=":0" /> The cancellation of the Al-Dabdaba solar plant came in July 2020, which would have provided 15 percent of the electrical energy needed in the oil sector.<ref>{{Cite news |date=2020-07-13 |title=Kuwait cancels Al-Dabdaba solar plant project due to coronavirus |language=en |work=Reuters |url=https://www.reuters.com/article/us-kuwait-solar-plant-idUSKCN24E2XQ |access-date=2023-03-17}}</ref><ref name=":0"/>
In January 2020, Kuwait Petroleum Corporation and [[QatarEnergy]] signed a 15-year sale and purchase agreement for the supply of up to 3 million tonnes of LNG to Kuwait annually.<ref>{{cite news |title=automotive digital marketing |url=https://automotive-marketing.com/}}</ref><ref>{{cite web|url=https://www.reuters.com/article/us-kuwait-qatar-lng-statement/qatar-to-supply-kuwait-with-3-million-tonnes-of-lng-a-year-idUSKBN1Z407L|title=Qatar to supply Kuwait with 3 million tonnes of LNG a year|work=Reuters|access-date=5 January 2020}}</ref> The agreement was signed in order to meet Kuwait's growing energy needs and the LNG delivery will begin from 2022.<ref>{{cite web|url=http://www.xinhuanet.com/english/2020-01/05/c_138680146.htm|archive-url=https://web.archive.org/web/20200105192019/http://www.xinhuanet.com/english/2020-01/05/c_138680146.htm|url-status=dead|archive-date=5 January 2020|title=Kuwait, Qatar sign long-term gas supply agreement|access-date=5 January 2020|publisher=Xinhuanet}}</ref> In March 2020, KPC announced that it and all of its subsidiaries were to cut capital and operational spending for the year since the spread of the [[coronavirus]] caused serious problems in oil supply and prices.<ref>{{Cite web |title=Kuwait's KPC to cut spending on "unprecedented" oil price slide |url=https://energy.economictimes.indiatimes.com/news/oil-and-gas/kuwaits-kpc-to-cut-spending-on-unprecedented-oil-price-slide/74811521 |access-date=17 March 2023 |website=energy.economictimes.indiatimes.com}}</ref><ref name=":0">{{Cite web |date=2020-07-26 |title=Kuwait Petroleum keen on preserving public funds, CEO says |url=https://arab.news/cgb8r |access-date=2023-03-17 |website=Arab News |language=en}}</ref> CEO Hashem stated that the KPC was implementing ways to preserve public funds also beneficial to Kuwait, after the government reduced spending in the energy sector.<ref name=":0" /> The cancellation of the Al-Dabdaba solar plant came in July 2020, which would have provided 15 percent of the electrical energy needed in the oil sector.<ref>{{Cite news |date=2020-07-13 |title=Kuwait cancels Al-Dabdaba solar plant project due to coronavirus |language=en |work=Reuters |url=https://www.reuters.com/article/us-kuwait-solar-plant-idUSKCN24E2XQ |access-date=2023-03-17}}</ref><ref name=":0"/>


In August 2020, KPC agreed to cut $2.3 billion from the spending budget of the oil sector for the 2020-2021 fiscal year.<ref>{{Cite web |date=2020-08-27 |title=Kuwait's KPC to cut spending by $2.3 billion |url=https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/petrochemicals/082720-kuwaits-kpc-to-cut-spending-by-23-billion |access-date=2023-06-14 |website=www.spglobal.com |language=en}}</ref><ref>{{Cite web |date=2020-08-20 |title=Kuwait Petroleum targets 25% cut in capital spending through merging units |url=https://gulfnews.com/business/energy/kuwait-petroleum-targets-25-cut-in-capital-spending-through-merging-units-1.1597927064199 |access-date=2023-06-14 |website=gulfnews.com |language=en}}</ref> KPC agreed to a loan in October 2020, from the [[National Bank of Kuwait]] (NBK) and [[Kuwait Finance House]] for $3.27 billion.<ref>{{Cite news |date=2020-10-04 |title=Kuwait market rebounds on reopening after Emir's death |language=en |work=Reuters |url=https://www.reuters.com/article/mideast-stocks-int-idUSKBN26P0K0 |access-date=2023-06-14}}</ref>
In August 2020, KPC agreed to cut $2.3 billion from the spending budget of the oil sector for the 2020-2021 fiscal year.<ref>{{Cite web |date=2020-08-27 |title=Kuwait's KPC to cut spending by $2.3 billion |url=https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/petrochemicals/082720-kuwaits-kpc-to-cut-spending-by-23-billion |access-date=2023-06-14 |website=www.spglobal.com |language=en}}</ref><ref>{{Cite web |date=2020-08-20 |title=Kuwait Petroleum targets 25% cut in capital spending through merging units |url=https://gulfnews.com/business/energy/kuwait-petroleum-targets-25-cut-in-capital-spending-through-merging-units-1.1597927064199 |access-date=2023-06-14 |website=gulfnews.com |language=en}}</ref> KPC agreed to a loan in October 2020, from the [[National Bank of Kuwait]] (NBK) and [[Kuwait Finance House]] for $3.27 billion.<ref>{{Cite news |date=2020-10-04 |title=Kuwait market rebounds on reopening after Emir's death |language=en |work=Reuters |url=https://www.reuters.com/article/mideast-stocks-int-idUSKBN26P0K0 |access-date=2023-06-14}}</ref>
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