Headquarters Al Ahmadi Founder Kuwait | Founded 1960 | |
Parent agency Kuwait Petroleum Corporation CEO Mohammad Ghazi Al-Mutairi (21 May 2013–) Parent organization Kuwait Petroleum Corporation Profiles |
Kuwait national petroleum company
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.
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History
Established in October 1960 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The Contracts have now been revoked and the project being out on hold for lack of transparency in the awarding of the contracts to the companies mentioned above.