Kuwait Petroleum Corporation (KPC) is a state-owned oil and gas company based in the State of Kuwait. It is considered one of the largest petroleum corporations in the world.
KPC's primary responsibility is overseeing and managing the entire oil and gas sector in Kuwait. The corporation engages in various operations including exploration, drilling, production, refining, and marketing of petroleum and petroleum products. It plays a vital role in the country's economy, contributing significantly to national revenue and ensuring the reliable supply of energy resources.
KPC operates through its subsidiaries and affiliated companies, which cover various aspects of the oil and gas industry. These include upstream subsidiaries responsible for exploration and production activities, such as the Kuwait Oil Company (KOC) and Kuwait Foreign Petroleum Exploration Company (KUFPEC). It also includes downstream subsidiaries like Kuwait National Petroleum Company (KNPC), responsible for refining and production of oil derivatives.
With a global presence, KPC has established partnerships and joint ventures with international oil companies, enabling it to access and participate in projects worldwide. The corporation is committed to upholding sustainable practices, adhering to high environmental and safety standards, and implementing advanced technologies to maximize efficiency.
Overall, Kuwait Petroleum Corporation serves as the central entity overseeing all aspects of the oil and gas industry in Kuwait, ensuring the country's energy security, economic growth, and sustainable development.
