Kuwait National Petroleum Co

Overview

Kuwait National Petroleum Company was established in October 1960 as a shareholder company owned by the government and the private sector. In 1968 the company commissioned its own "Shuaiba Refinery" and in May of the same year, the first shipment of refined petroleum products was exported from Shuaiba Refinery Shuaiba Refinery is the world's first all hydrogen refinery. It's capacity is 195,000 Barrels per day. In 1975 the company became a fully owned state company. After the creation of Kuwait Petroleum Corporation in 1980, KNPC became fully owned by KPC which itself is owned by the State of Kuwait. When the oil sector was restructured, KNPC was entrusted with the responsibilities of oil refining and gas liquefication as well as the distribution of petroleum products in the local market on behalf of KPC. Consequently, the company became in charge of the three oil refineries; Mina Al-Ahmadi, Mina Abdulla and Shuaiba, in addition to the LPG plant in Mina Al-Ahmadi. Today, KNPC total production capacity is 930,000 Barrels per day.

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