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October 05, 2015 11:08 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Kuwait Petroleum Corporation

Company Overview

Kuwait Petroleum Corporation is an integrated oil and gas company in Kuwait and internationally. Its activities include exploration, drilling, and production of oil and gas within the State of Kuwait; storage of crude oil and delivery to tankers for export; domestic oil refining and gas processing; researches, refines, markets, and sells fuel, lubricants, and other petroleum derivatives primarily in Europe and the Far East; exploration, appraisal, development, and production of oil and gas from the partitioned zone between the State of Kuwait and the Kingdom of Saudi Arabia; and exploration, development, and production of crude oil and natural gas outside Kuwait, active in Africa, the Middle...

PO Box 26565

Safat,  13126


Founded in 1980

18,571 Employees


965 1 85 85 85


965 499 4991

Key Executives for Kuwait Petroleum Corporation

Deputy Chairman and Chief Executive Officer
Managing Director of Planning & Finance
Managing Director of Training & Career Development
Managing Director of Corporate Relations & Information Technology
Managing Director of Finance Affairs
Compensation as of Fiscal Year 2015.

Kuwait Petroleum Corporation Key Developments

PT Pertamina Signs a Memorandum of Understanding with Kuwait Petroleum Corporation for the Development of Oil and Gas and Renewable Energy Business

PT Pertamina has signed a memorandum of understanding, or MoU, with its strategic partner, Kuwait Petroleum Corporation, for the development of oil and gas as well as renewable energy business. The planned studies include technical, commercial and financial assessment in upstream, midstream and downstream sector. Also in the plan are studies in marketing, processing, infrastructure and petrochemical sectors.

Kuwait Petroleum Seeks Stake In Paradip Refinery

Kuwait Petroleum Corporation has again approached Indian Oil Corporation Limited (BSE:530965) for a stake in the Paradip refinery, which is set to start operations this year. Kuwait had evinced interest in taking a stake in the project in Odisha when it was conceived about eight years back. But later, they backed off. "They have again approached. Talks are at very initial level. Things are at very preliminary stage," IOC Director (Refineries) Sanjiv Singh said. "We had in March stated that KPC is in talks with IOC for an equity stake. Those talks remain at preliminary level. Not much has progressed," another official said. "We are discussing details of their participation, whether they are interested in taking a stake in the refinery or in the petrochemical project or both is what we are discussing now," the second official said. The project will have to be spun off into a separate company if Kuwait is to participate in it.

Kuwait Petroleum Corp Sells Term Naphtha for August 2015-July 2016

Kuwait Petroleum Corp. has agreed to sell term naphtha supply for the period August 2015 to July 2016. The term deal for the full-range naphtha supply was done at a premium of $14.50/tonne to Middle East quotes FOB (free on board).

Similar Private Companies By Industry

Company Name Region
Triple-e Holding Company Middle East/Africa
Kuwait Energy Company K.S.C.C. Middle East/Africa
Bawabet Al Kuwait Middle East/Africa
Kuwait Foreign Petroleum Exploration Company K.S.C. Middle East/Africa
Saudi Arabian Chevron Inc. Middle East/Africa

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