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Author Topic: Top 10 Oil & Gas Companies: Number 10 - Kuwait Petroleum Corp  (Read 1999 times)

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The last company on the list is the Kuwait Petroleum Corporation (KPC), the state-owned company responsible for Kuwait's hydrocarbon interests throughout the world.

The Kuwait Oil Company was originally formed by the Anglo-Persian Oil Company (now known as BP) and the Gulf Oil Corporation (now known as Chevron Oil).

In 1975 the Kuwaiti oil industry was nationalized and an agreement was signed by the State of Kuwait and British Petroleum and Gulf giving Kuwait complete control of its oil resources.

This led to the formation of the Kuwait Petroleum Corporation in 1980 as an umbrella organisation to manage the country’s diversified oil interests.

The company is made up of the following subsidiaries: Kuwait Oil Company (KOC), Kuwait National Petroleum Company (KNPC), Petrochemicals Industries Company (PIC), Kuwait Oil Tanker Company (KOTC), Kuwait Aviation Fueling Company (KAFCO), Kuwait Foreign Petroleum Exploration Company (KUFPEC), Kuwait Petroleum International Limited (KPI - Q8), Santa Fe International Corporation (SFIC), Kuwait Gulf Oil Company (KGOC), Oil Sector Services Company and K-Dow Petrochemicals.

Kuwait Petroleum Corp may be more recognizable regionally by its well known brand Q8.

Barrels Per Day     3.2 million
Founded                1980
Headquarters        Al Shuwaikh, Al Asimah
State Owned?       Yes
CEO                       Hani Abdulaziz Hussain, Chairman
Employees             15,825
Website                 http://www.kpc.com.kw

During the first Gulf War over 700 oil wells were set on fire by the Iraqi Military Forces. It took eight months to fully extinguish the fires and its estimated 6 million barrels of oil were destroyed every day

Adewale Odubiyi
Owner, Nigeria Oil & Gas Forum

Nigeria Oil & Gas Forum


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