Kuwait National Petroleum Company
From Wikipedia, the free encyclopedia
From Wikipedia, the free encyclopedia
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).
شركة البترول الوطنية الكويتية | |
KNPC Headoffice | |
Agency overview | |
---|---|
Headquarters | Al Ahmadi 29°5′34″N 48°5′14″E |
Agency executive |
|
Parent agency | Kuwait Petroleum Corporation |
Website | http://www.knpc.com |
Established in October 1960[1][2] as a share-holding company owned by the Kuwait government and private sector, KNPC became fully government-owned in 1975.[3] Since 1968 the company had been exporting petroleum products from its Shuaiba Refinery. In April 2017, Kuwait closed the Shuaiba refinery, which was one of the oldest oil facilities in the region.[4] 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.[3] In this revised structure, KNPC took control of distributing petroleum products within Kuwait, along with the ownership of the Mina Ahmadi and Mina Abdullah refineries.[5][6]
KNPC provides scholarships and training and sponsors refinery operation specialization at the College of Technological Studies of The Public Authority for Applied Education and Training (PAAET).[3]
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