# Kuwait's Action Energy Company's Bourisli to Bloomberg: National Oil Companies Have Demonstrated Strong Capability in Navigating Regional Challenges and The Company Supports Kuwait's 2035 Production Growth Targets

- Link: https://www.thailand-business-news.com/pr-news/kuwaits-action-energy-companys-bourisli-to-bloomberg-national-oil-companies-have-demonstrated-strong-capability-in-navigating-regional-challenges-and-the-company-supports-kuwaits-20
- Published: 2026-08-12T21:40:00+07:00
- Author: PR Newswire

KUWAIT CITY, Aug. 12, 2026 /PRNewswire/ — In interviews with CNBC TV and Bloomberg
TV, Eng. Rawaf Bourisli, Vice Chairman of [Action Energy Company K.S.C.P.](https://actionenergykw.com/ir/)(
Bloomberg: ALFTAQA KK) (Reuters: ALFTAQA.KW), said Kuwait’s national oil companies
have shown exceptional capability in navigating ongoing regional challenges, reaffirming
Action Energy Company’s (AEC) commitment to supporting Kuwait’s upstream energy 
sector and Kuwait’s long-term production objectives, including Kuwait’s target of
increasing production capacity to four million barrels per day by 2035.

 [⌊Action Energy Company Vice Chairman Eng. Rawaf Bourisli on CNBC and Bloomberg⌉](https://mmx.prnasia.com/media/MS1968551/Action-Energy-Company-Vice-Chairman-Eng-Rawaf-Bourisli-on-CNBC-and-Bloomber.jpg?id=OA2867414&p=medium600)

Action Energy Company Vice Chairman Eng. Rawaf Bourisli on CNBC and Bloomberg

Eng. Boursli added that the company’s contracted backlog has reached a record level
of approximately US$1.1 billion mainly with Kuwait Oil Company ("KOC"), Kuwait’s
national oil company, providing strong revenue visibility over the coming years.
He noted that approximately 39% of the backlog comprises integrated, high-value 
oilfield services, which are expected to become an increasingly significant contributor
to the company’s financial performance during the second half of 2026 and into early
2027.

Commenting on the Board of Directors’ recommendation to distribute the company’s
first interim cash dividend of 3 fils per share, Eng. Boursli said: "This recommendation
reflects a healthy balance sheet and a commitment to delivering sustainable shareholder
value. We remain focused on executing a disciplined strategy that balances investment
in growth with profitability, enabling us to continue expanding the business while
creating long-term value for our shareholders."

On the regional front, Eng. Boursli said the company’s international expansion has
moved from strategy to execution, anchored by its first joint venture (JV) with 
Kellton to deploy artificial intelligence solutions for well control digitalization
and real-time monitoring. The joint venture is also preparing to open its first 
regional office in Doha during the third quarter of 2026, marking the first step
in its broader GCC expansion plans. Through this JV, the company aims to help energy
operators across the region modernize their operations, improve decision-making,
and maximize the value of their assets.

In H1 2026, Action Energy reported revenue of KWD 18.1 million, up 34.4% year over
year, EBITDA of KWD 9.0 million, up 28.3%, and net profit of KWD 4.4 million, representing
year-over-year growth of 96.6%.

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