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September 01, 2015 11:54 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Kuwait Petroleum International Ltd.

Company Overview

Kuwait Petroleum International Ltd. engages in the research, refining, marketing, and sale of petroleum products. The company’s activities include the operation of refineries that process and refine crude oil into a range of finished products, including propane, butane, gasoline, kerosene, gas oil/diesel, sulphur, jet fuel, and bitumen; operation of gasoline service stations in Italy, Denmark, Belgium, the Netherlands, Luxembourg, and Sweden; and direct sale of bulk fuels, bitumen, LPG, and other petroleum products to large organizations, public utilities, local authorities, transport companies, light industry, and farmers, as well as home heating oil to private individuals. Its activities a...

2nd Floor

Salhiya Commercial Complex

Safat,  13019

Kuwait

Founded in 1983

Phone:

965 233 2800

Fax:

965 233 2776

Key Executives for Kuwait Petroleum International Ltd.

Managing Director
European Operations Director
Commercial Director At Q8aviation
Compensation as of Fiscal Year 2015.

Kuwait Petroleum International Ltd. Key Developments

Q8 Opens First CNG Service Station in Belgium

Q8 is strengthening and expanding its presence in Europe by opening its first Compressed Natural Gas (CNG) service station in Belgium. The station is situated at Schoten outside the city of Antwerp, 60 kms north of Brussels.

Kuwait Petroleum Cancels Investment In Rotterdam Refinery, Considers Other Options

Kuwait Petroleum International Ltd. has cancelled a planned $1.4 billion investment in its 88,000 barrel per day (bpd) Rotterdam refinery and may sell it, a spokesman said, as Europe's refiners struggle with overcapacity and global competition. "Now we have to look at all other options," spokesman Jan Maarten van der Steen said on October 6, 2014, adding that Kuwait Petroleum was talking to banks including HSBC about managing a possible sale. Converting the Europoort refinery to a storage terminal or closing it entirely are possibilities, he said, although adding that closure was "not the option anyone wants". "It's also our intention to keep all personnel on board," he said, "We are working on a new collective labour agreement." Van der Steen said Kuwait Petroleum hoped to make a preliminary decision by spring 2015, though emphasizing that talks were in early stages.

Kuwait Petroleum Eyeing IOC’s Refinery

Kuwait Petroleum International Ltd. is interested in acquiring stake in Indian Oil Corporation Limited’s (BSE:530965) (IOC) unit. According to the news PTI PTI report, Kuwait Petroleum is looking to acquire Paradip refinery from IOC for INR 297.8 billion. An official state that IOC might not offer more than 26% stake in the refinery. He added that IOC is yet to receive confirmation on whether Kuwait Petroleum in interested in its petrochemical project or refinery or both. He further stated that IOC will not be interested in a deal with Kuwait Petroleum if it has plans to purchase the Paradip refinery or to avail IOC’s major crude oil requirement from Kuwait.

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