September 01, 2014 10:42 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Kuwait Petroleum International Ltd.

Company Overview

Kuwait Petroleum International Ltd. engages in the research, refining, marketing, and sale of petroleum products. The company’s activities include the operation of refineries that process and refine crude oil into a range of finished products, including propane, butane, gasoline, kerosene, gas oil/diesel, sulphur, jet fuel, and bitumen; operation of gasoline service stations in Italy, Denmark, Belgium, the Netherlands, Luxembourg, and Sweden; and direct sale of bulk fuels, bitumen, LPG, and other petroleum products to large organizations, public utilities, local authorities, transport companies, light industry, and farmers, as well as home heating oil to private individuals. Its activities a...

2nd Floor

Salhiya Commercial Complex

Safat,  13019

Kuwait

Founded in 1983

Phone:

965 233 2800

Fax:

965 233 2776

Key Executives for Kuwait Petroleum International Ltd.

Managing Director
European Operations Director
Commercial Director At Q8aviation
Compensation as of Fiscal Year 2014.

Kuwait Petroleum International Ltd. Key Developments

Kuwait Petroleum Eyeing IOC’s Refinery

Kuwait Petroleum International Ltd. is interested in acquiring stake in Indian Oil Corporation Limited’s (BSE:530965) (IOC) unit. According to the news PTI PTI report, Kuwait Petroleum is looking to acquire Paradip refinery from IOC for INR 297.8 billion. An official state that IOC might not offer more than 26% stake in the refinery. He added that IOC is yet to receive confirmation on whether Kuwait Petroleum in interested in its petrochemical project or refinery or both. He further stated that IOC will not be interested in a deal with Kuwait Petroleum if it has plans to purchase the Paradip refinery or to avail IOC’s major crude oil requirement from Kuwait.

Kuwait Petroleum International Ltd. Signs Memorandum of Understanding with SK Innovation Co., Ltd. to Develop Oil Refinery

Kuwait Petroleum International Ltd. announced that it has inked a memorandum of understanding with SK Innovation Co., Ltd. to develop an oil refinery in Indonesia, reported Kuwait News Agency (KUNA). Q8 said that oil refinery is designed to refine Kuwaiti crude oil in a percentage of 100 with an accommodation of 200,000-300,000 barrels per day (bpd) in an integrated system. Moreover, the MoU included the development of a petrochemicals complex, also in Indonesia.

Similar Private Companies By Industry

Company Name Region
Saudi Arabian Chevron Inc. Middle East/Africa
Petro Link Holding Company KSCC Middle East/Africa
Al-Dorra Petroleum Services Company Middle East/Africa
Al-Maraam Al-Ahliya Company for General Trading and Contracting LLC Middle East/Africa
Kuwait Petroleum International Ltd. Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 20, 2014
Royal Dutch Shell plc, Retail, Supply & Distribution Logistics and Aviation Businesses in Italy
 

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