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The Kuwait National Petroleum Company (KNPC) (Arabic: شركة البترول الوطنية الكويتية) is the national oil refining company of Kuwait. Established in October 1960, KNPC has the mandate for oil refining, gas liquefaction, and distribution of petroleum goods within the local market. KNPC also handles CFP (Clean Fuel project).
In 1934 KPC received the first Kuwait Oil Concession Agreement after it was originally formed by the Gulf Oil Corporation and the Anglo-Persian Oil Company.In 1975 the state signed agreements with BP and Gulf and after its shares were progressively increased, [3] Kuwait Petroleum Corporation was founded on 27 January 1980 [4] as an umbrella company, integrating KOC, KNPC, KOTC and PIC and ...
Kuwait Foreign Petroleum Exploration Company (KUFPEC) is an international upstream company. KUFPEC is a subsidiary of Kuwait Petroleum Corporation (KPC) and was founded in April 1981. The organization is involved in the discovery, expansion, and extraction of crude oil and natural gas outside Kuwait ’s borders.
Kuwait was the world's 10th largest petroleum and other liquids producer in 2010. [1] The company produced a total of 1.7 million barrels per day. Kuwait's oil reserves have been nationalized since 1975, [ 2 ] with the KOC, established in 1979, [ 3 ] holding sole rights to the exploration and production of oil and gas within Kuwait. [ 4 ]
The minister of oil is the major advisor to the Emir of Kuwait. [8] The minister is also a member of the Supreme Petroleum Council. [citation needed] From 1978 to June 1990 Ali Khalifa Al Sabah was the minister of oil. [9] [10] Saud Nasser Al Sabah served in the post between 1998 and 2000. [11]
State-owned Kuwait Petroleum Corp plans to borrow as much as $20 billion over the next five years to make up for an expected shortfall in funding, Bloomberg News reported on Thursday, citing a ...
Dr. Imad Mohammad Alatiqi. Imad Mohammad Alatiqi (Arabic: عماد محمد العتيقي, born 1956) is a current Deputy Prime Minister [1] and Minister of Oil [2] in Kuwait, as well as an influential oil expert, researcher, and academic who has made significant contributions to the fields of petroleum research studies and oil policy-making in Kuwait through various leadership positions and ...
In 2011 he became a board member of the Kuwait Gulf Operation Committee (KGOC) and from 2011 to 2013 he served as chairman and managing director of Kuwait Foreign Petroleum Exploration Company (KUFPEC). [2] [3] Al-Adsani was the deputy chairman and chief executive officer of Kuwait Petroleum Corporation (KPC) from May 2013 [4] to December 2018. [5]