1938 - Oil discovered by Kuwait Oil Company in Burgan Oil Field

1946 - First shipment exported

1949 - Ahmadi harbour’s South Pier completed together with a refinery of 25,000 barrels per day (bpd) capacity, an electricity production station and a water desalination plant.

1955 - Oil discovered in the Rawhatain field north of Kuwait.

1959 - Oil discovered in the Minagish field, 21 miles west of Burgan,

1960 - Minagish field starts production

1965 - One milliard tonnes of oil produced till date

1975 - Kuwait Oil Tankers Company established.

1980 - Oil companies merged under Kuwait Petroleum Corporation, unifying and orienting the activities of the oil sector.
Kuwait International Petroleum Investments Company established to undertake investments in petroleum activities abroad

1981 - Kuwait External Exploration Company established.

1990 - OPEC estimates Kuwait production capacity at 3 million barrel daily by mid -1990, Iraq invades Kuwait

1991 - First shipment of Kuwaiti crude oil exported after the Iraqi invasion which destroyed and set fire to the fields.
OPEC sets Kuwait oil production at 1.6 million barrel daily as of March 1

1991 - Most oil fires resulting from Iraqi aggression put out, oil industry back on road to recovery

1996 - Record profits for fiscal year 95/96 amounting to KD 870.7 million ( US $ 2.9 billion) realised by Kuwait Petroleum Corporation and its oil subsidiaries

1997 - Refining capacity of Shuaiba refinery reaches pre-Iraqi invasion levels at 195 thousand barrels

1999 - On October 11, Kuwait and South Korea signed two oil agreements on boosting cooperation in the field of oil and Kuwait provides Korea 210 thousand tonnes of coal oil yearly.