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In the realm of oil companies in Kuwait, the country stands as a pivotal player in the global oil industry, with vast reserves of crude oil and natural gas shaping its economic landscape. The petroleum industry in Kuwait, accounting for nearly half of the country’s GDP, is a cornerstone of its economy, with proven crude oil reserves estimated at 104 billion barrels.
Kuwait’s oil sector is home to key players like Kuwait Petroleum Corporation (KPC), Kuwait Oil Company (KOC), Kuwait National Petroleum Company (KNPC), and others, each contributing significantly to the exploration, production, and distribution of oil products. This blog aims to delve into the rich history, operations, and impact of oil companies in Kuwait, shedding light on their vital role in the global energy sector.
Kuwait Petroleum Corporation
As one of the top ten oil and energy companies in the world today, Kuwait Petroleum Corporation (KPC) is known worldwide for being a pioneer in supplying clean, safe energy to international markets. When KPC was initially founded in 1980, its goal was to unite all state-owned components of Kuwait’s oil industry under a single corporate entity. KPC overseas operates on six continents and is a fully integrated industry today.
Located at: Oil Sector Complex, Shuwaikh Industrial 1, Block 1 St 74, Kuwait
Phone: +(965) 1 85 85 85
Email: [email protected]
Kuwait Oil Company (KOC)
Through an alliance between the American Gulf Oil Company and the Anglo-Persian Oil Company, the Kuwait Oil Company Limited was founded in 1934.
Kuwait Oil Company is the backbone of the Kuwaiti economy and one of the top global oil and gas companies. The Company’s highly skilled and experienced national workforce, along with its dynamic and effective operational policies, have helped it to maintain a prominent position in the global oil markets. KOC is a division of Kuwait Petroleum Corporation, a publicly traded business that is wholly owned by the government of Kuwait.
Postal address:
Kuwait Oil Company (K.S.C.)
P.O. Box 9758 Ahmadi
61008 Ahmadi, Kuwait
Telephone No. 00965 – 23989111
Fax No. 00965 – 23983661
E-mail: [email protected]
Kuwait National Petroleum Company (KNPC)
KNPC was founded in October 1960 as a company that held shares owned by the Kuwaiti government and private sector. In 1975, the government acquired all of the company’s shares. The company had been exporting petroleum products from its Shuaiba Refinery since 1968. One of the oldest oil facilities in the area, the Shuaiba refinery was closed in April 2017. Under this position, KNPC took control of distributing petroleum products within Kuwait, along with the ownership of the Mina Ahmadi and Mina Abdullah refineries.
Address: Sabah Al Salem, Kuwait
Contact No.: +593 8765846
Petrochemical Industries Company (PIC)
Kuwait Petroleum Corporation’s (KPC) petrochemical division is called Petrochemical Industries Company (PIC). PIC operates through joint ventures and its own assets, both inside and outside of Kuwait, with a focus on the production and marketing of fertilizers and petrochemicals.
PIC, a subsidiary of Kuwait Petroleum Corporation (KPC), is a prominent player in the petrochemical sector in Kuwait, the Middle East, and is rapidly expanding globally.
Address
Head Office
P.O Box 1084 Safat, 13011, Kuwait
Al Ghaws St, Al Sabahiya, Ahmadi 13011, Kuwait
+965 23851000
Kuwait Foreign Petroleum Exploration Company (KUFPEC)
Established in April 1981 by its parent company Kuwait Petroleum Corporation (KPC), Kuwait Foreign Petroleum Exploration Company (KUFPEC) is an international upstream company, engaged in exploration, development and production of crude oil and natural gas outside the State of Kuwait.
Outside Kuwait’s borders, the company operates in the exploration, development, and mining of natural gas and crude oil. Ten countries on five continents—Australia, Asia, Africa, North America, and Europe—are home to KUFPEC’s operations.
Head Office
Kuwait Foreign Petroleum Exploration Company (KUFPEC)
Administrative Shuwaikh – Area 4 – Street 102 – Building No. 9
P.O. Box 5291 Safat, 13053 Kuwait
+965 1836000
+965 24951818
Burgan Company for Well Drilling, Trading, and Maintenance
Burgan Co. for Well Drilling, Trading & Maintenance SAK offers development and exploratory services as well as well drilling and maintenance to oil and gas firms. It offers drilling, work-over, manufacturing, and fabrication as services. The company was established on June 7, 1970, by Hamad Al-Hamad, Mustafa Al-Husseni, and Najeeb Al-Mulla. Its headquarters are located in Fahaheel, Kuwait.
Established in 1970, the Burgan Company for Well Drilling (BWD), Trading & Maintenance K.S.C.C. The company was listed on the Kuwait Stock Exchange in 2005. As of December 31, 2012, its total market value was KD 38.5 million (US$ 134.8 million), with paid up capital of KD 20.9 million. The main operating region for Burgan is Kuwait. It has been closely and continuously associated with Joint Operations and Kuwait Oil Company (KOC) for about forty-five years.
Address: Stock Exchange, KUW
Primary Office: West Industrial Shuaiba, Block 3, Street 306, 47143 Fahaheel, Kuwait City, 64022
Phone: +96565554367
Website: www.burgandrilling.com
Al-Khafji Joint Operations (KJO)
A company under the authority of the government that offers services for oil and gas manufacturing, drilling, and exploration is Al Khafji Joint Operations.
Gulf Oil Company (KGOC) and Aramco Gulf Operations Company (AGOC) of Saudi Arabia are partners in the joint venture Al Khafji Joint Operations. Encouraging drilling, exploration, and oil and gas production in the Divided Zone is the main goal of Al Khafji Joint Operations, both onshore and offshore.
Address: 4478 شارع الملك فيصل, Aramco, Khafji 39253, Saudi Arabia
Website:https://www.kjo.com.sa/irj/go/km/docs/documents/KJOWebSite/index.html
Kuwait Gulf Oil Company (KGOC)
Founded on February 10, 2002 is the Kuwait Petroleum Corporation’s fully owned subsidiary for offshore oil and gas operations. Kuwait Gulf Oil Company was established with the purpose of representing the government of Kuwait within the Divided Zone. Arabian Oil Company Ltd. was replaced as the offshore area manager of Kuwait DZ by KGOC in 2003.
Website: https://www.kgoc.com/
Address: 33RJ+GFG, Ahmadi, Kuwait : KGOC – Ahmadi نفط الخليج – الاحمدي
Kuwait Oil Tanker Company (KOTC)
The main operations of Kuwait Oil Tanker Company S.A.K. are the control and operation of tankers used for the conveyance of liquefied petroleum gas (LPG), processed petroleum products, and crude oil. It also runs a Marine Agency Branch that serves as the exclusive representative for all tankers stopping at Kuwait’s seaport, as well as a Gas Branch that fills and distributes LPG cylinders for use by the community’s industry and households.
Because of its keen interest in lowering operational costs and its prudent strategy of replacing aging ships when necessary, KOTC has been able to maintain profitability above the average.
Head Office: Jamal Abdul Nasser St, Kuwait
Telephone : +965 2462 5050
Fax : +965 2491 3597 / +965 2462 5025
+965 2462 5026 / +965 2462 5027
P.O.Box : 810 Safat, ZIP CODE 13009 – Kuwait
Email : [email protected]
Website : http://www.kotc.com.kw
Kuwait Integrated Petroleum Industries Company (KIPIC)
On October 18, 2016, Kuwait Petroleum Corporation (KPC) launched Kuwait Integrated Petroleum Industries Company (KIPIC) as a new subsidiary. KIPIC’s goal is to be the leader in integrated refining and petrochemicals operations and liquefied natural gas import in Kuwait’s Al-Zour Complex by bringing together some of the best industry knowledge and top-notch infrastructure.
At the Al-Zour complex, KIPIC is in charge of running and overseeing the largest grassroots integrated complex for petrochemical manufacturing, refining, and liquefied natural gas import facilities.
Website: http://www.kipic.com.kw/
Email: [email protected]
Address: https://maps.app.goo.gl/GQrAwvebLZ9Q8atK9
Benefits of Knowing Oil Companies In Kuwait
Delving into the intricate world of oil companies in Kuwait not only offers insights into the country’s economic backbone but also sheds light on the global energy landscape. Understanding the operations, challenges, and advancements within this sector provides a unique perspective on the interplay between geopolitics, technology, and sustainability.
By grasping the significance of Kuwait’s oil industry, individuals can appreciate the critical role it plays in shaping not only the country’s economy but also the broader energy security of the region and the world. This knowledge empowers stakeholders to make informed decisions, foster sustainable practices, and contribute to the ongoing dialogue surrounding energy transition and security on a global scale.
