Kuwait Petroleum Corporation 5

4.5 star(s) from 50 votes
Ahamadi, KUWAIT

About Kuwait Petroleum Corporation

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Kuwait Petroleum Corporation is Kuwait's national oil company, headquartered in Kuwait City. The activities of Kuwait Petroleum Corporation are focused on petroleum exploration, production, petrochemicals, refining, marketing, and transportation. KPC produces about 7% of the world's total crude oil. KPC plans are to achieve crude oil production capacities in Kuwait of 3.0 million barrels per day by 2010, 3.5 million barrels per day by 2015 and 4.0 million barrels per day by 2020. Its revenue was US$251.94 billion in 2014.History and profileKuwait Petroleum Corporation was founded on 27 January 1980 as an umbrella company, integrating KOC, KNPC, KOTC and PIC and effectively placing them under government control.In May 2013 Nizar Mohammad Al Asani was appointed chief executive officer of the corporation, replacing Farouk Zanki in the post.ProductsThe company's products have been sold in some countries under a subsidiary's name Q8. In Europe, Q8 has a network of more than 4,400 service stations across six countries: Italy, Denmark, Belgium, the Netherlands, Luxembourg and, in Sweden, as the OKQ8 joint venture.In Scandinavia, Q8 runs 186 service stations, and 54 unmanned (under the F24 brand) in Denmark. In Sweden, a subsidiary of KPC, KPI-Q8's gas stations are known as OKQ8 - a result of a merger between Q8 and Swedish "OK", more than 900 is available, most of them unmanned.