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Home > Economy> Oil > Kuwait Petroleum Company (KPC)
 
Kuwait Petroleum Corporation (KPC) was established in 1980 as an umbrella organisation to manage Kuwait's rapidly growing and diversifying oil interests. The Minister of Oil supervises and chairs its Board of Directors. KPC is also referred to as "The Ambassador of Kuwait's Oil Industry".

In less than two decades, KPC has become a world leader in the oil industry; a truly international entity respected by governments and business institutions worldwide offering a fully integrated portfolio of services.

Underlying KPC's strategy for growth are the principles enshrined in KPC's strategic corporate objectives. These encompass:

The protection of Kuwait's hydrocarbon resource, and the careful exploitation of the resource through the most effective means.

The maximisation of revenues from Kuwait's hydrocarbon through effective marketing of crude and products.

A commitment to develop the technical and administrative abilities of its workforce.

A commitment to contribute to the development of the national economy, to greater benefit of the State of Kuwaiti.

To achieve these objectives, KPC operates through its entirely owned subsidiary companies, of which some are based inside Kuwait

  1. Kuwait Oil Company (KOC)
  2. Kuwait Oil Tanker Company (KOTC
  3. Kuwait National Petroleum Company (KNPC)
  4. Kuwait Petroleum International Limited (KPI)
  5. Kuwait Aviation Fuelling Company (KAFCO)
  6. Petroleum Industries Company (PIC)
  7. Kuwait Foreign Petroleum Exploration Company (KUFPEC) and
  8. Santa Fe International Corporation

KPCs' ambitious plans for expansion include a production target of 3 million barrels per day after 2005.

KPC and its subsidiaries remain committed to the protection of the environment Progress in this area has been achieved by cooperating and coordinating with local and international institutions and corporations which have similar concerns.

For more information, visit www.kpc.com.kw

 
 
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