Kuwait Petroleum Corporation (KPC) was established in 1980 as
an umbrella organisation to manage Kuwait's rapidly growing and
diversifying oil interests. The Minister of Oil supervises and
chairs its Board of Directors. KPC is also referred to as "The
Ambassador of Kuwait's Oil Industry".
In less than two decades, KPC has become a world leader in the
oil industry; a truly international entity respected by governments
and business institutions worldwide offering a fully integrated
portfolio of services.
Underlying KPC's strategy for growth are the principles enshrined
in KPC's strategic corporate objectives. These encompass:
The protection of Kuwait's hydrocarbon resource, and the careful
exploitation of the resource through the most effective means.
The maximisation of revenues from Kuwait's hydrocarbon through
effective marketing of crude and products.
A commitment to develop the technical and administrative abilities
of its workforce.
A commitment to contribute to the development of the national
economy, to greater benefit of the State of Kuwaiti.
To achieve these objectives, KPC operates through its entirely
owned subsidiary companies, of which some are based inside Kuwait
KPCs' ambitious plans for expansion include a production target
of 3 million barrels per day after 2005.
KPC and its subsidiaries remain committed to the protection of
the environment Progress in this area has been achieved by cooperating
and coordinating with local and international institutions and
corporations which have similar concerns.
