A Kuwait-based major player in the petrochemical sector, Equate Petrochemical Company has appointed industry veteran Mohammad Husain as its new president & CEO. According to the firm, Husain will be replacing Hamad Al-Terkait who worked in that role since 2001.

With more than 30 years of extensive professional service, Husain held a number of leading posts, administrative and technical, at Kuwait Oil Company, Petrochemical Industries Company and lastly at Kuwait National Petroleum Company, where he served as deputy chairman and deputy managing director for Mina Al-Ahmadi Refinery.

Having served at a number of leadership positions and board memberships, Husain's in general competencies and regions of expertise comprise exploration, development and production of oil and gas, petrochemical and downstream activities, plus corporate planning and strategy development, the statement from the bank said.

Husain said: Equate will continue being a true embodiment of Partners in Success at all levels within and outside Kuwait through its world-class human resources and business excellence.

The Kuwaiti petrochemical giant was founded in 1995 and is a JV between Petrochemical Industries Company, Dow Chemical, Boubyan Petrochemical Company and Qurain Petrochemical Industries Company.

Started production in 1997, Equate is the single operator of a fully-incorporated manufacturing facility generating more than 5 million tons of petrochemical products yearly which are marketed throughout the Middle East, Asia, Africa and Europe.

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