It was the year 1957 when some innovative and dedicated minds met and decided to embark on a new journey in the field of oil industry. It was not easy for the Kuwait Oil Tankers Company to fit into the existing business location because the Arab states already have several companies dealing with this business and most of them enjoy great international support and friendship; however, the management and leaders of this organization soon demonstrated their vision and hard work. Most experts are of the opinion that the company has had good potential since the beginning of its operations. Although working in the oil and gas sector is not an easy task in the current scenario because it is one of the most crucial business areas and needs a truly innovative approach, especially when the company is supposed to deal with the transportation of oil and gas by sea. The company is primarily engaged in the ownership and operation of tankers used for the transportation of crude oil, refined petroleum products and liquefied petroleum gas (LPG). Furthermore, it also operates a shipping agency branch, which acts as the exclusive agent of all tankers calling at Kuwait seaport and a gas branch for filling and distributing LPG cylinders for local industry and domestic consumption. The importance of this company can be observed with the fact that the government also decided to be a partner of the Kuwait Oil Tankers Company in the years 1976 and contributed to the capital of the company with more or less forty-nine (49) percent of the total shares . Their success story is not limited as we can see that after three years, in 1979, Kuwait Oil Tankers Company decided to make a new change and started...middle of paper......what's your opinion on new and existing competitors and where do you see them as future competitors? Interview Analysis Mohammed AlTuwaijri was really optimistic about the future of his company and was of the opinion that the idea of scarcity of natural resources is still a myth and nothing has been proven yet, also because deposits of natural resources are still being discovered in large quantities. He further highlighted that Kuwait Oil Tankers Company has been enjoying a good and healthy business since its inception and therefore does not see any significant change in this trend. Mohammed AlTuwaijri also said that Kuwait Oil Tankers Company does not believe in monopoly. He stated that only competition can improve the level of production in the market and therefore he is not afraid of competition, rather he encourages newcomers in this business.
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