Kuwait National Petroleum Company

State of Kuwait
Kuwait National Petroleum Company (KNPC)
شركة البترول الوطنية الكويتية
Agency overview
Headquarters Al Ahmadi Kuwait
Coordinates: 29°5′34″N 48°5′14″E / 29.09278°N 48.08722°E / 29.09278; 48.08722
Agency executive
Parent agency Kuwait Petroleum Corporation
Website http://www.knpc.com

The Kuwait National Petroleum Company (KNPC) is the national oil refining company of Kuwait. Established in October 1960, KNPC handles the responsibility of oil refining, gas liquefaction, and distribution of petroleum goods within the local market.

History

Established in October 1960[1] as a share-holding company owned by the Kuwait government and private sector, KNPC became fully government-owned in 1975. Since 1968 the company had been exporting petroleum products from its Shuaiba Refinery. In 1980, following the restructuring of the oil sector in Kuwait, KNPC was placed under the newly created Kuwait Petroleum Corporation (KPC), which was also government owned. Under this position, KNPC took control of distributing petroleum products within Kuwait, along with the ownership of the Mina Ahmadi and Mina Abdullah refineries.

Refineries

The Contracts have now been revoked and the project being out on hold for lack of transparency in the awarding of the contracts to the companies mentioned above.[2]

See also

References

  1. Mary Ann Tétreault (1 January 1995). The Kuwait Petroleum Corporation and the Economics of the New World Order. Greenwood Publishing Group. p. 7. ISBN 978-0-89930-510-3. Retrieved 3 February 2014.
  2. KNPC - Al Zour Refinery

External links

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