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Eng Cover & Back.Ai CONTENTS Mission ............................. 2 Vision ............................. 2 Values ............................. 2 Kuwait’s Oil History ............................. 3 Kuwait Petroleum Corporation (KPC) ............................. 5 H.H. SHEIKH SABAH AL-AHMAD Kuwait Oil Company (KOC) ............................. 7 AL-JABER AL-SABAH AMIR OF THE STATE OF KUWAIT Oil Development Company (ODC) ............................. 9 Kuwait National Petroleum Company (KNPC) ............................. 11 Petrochemical Industries Company (PIC) ............................. 13 Kuwait Oil Tanker Company (KOTC) ............................. 15 Kuwait Aviation Fuelling Company (KAFCO) ............................. 17 Oil Sector Services (OSSC) ............................. 19 Kuwait Gulf Oil Company (KGOC) ............................. 21 Kuwait Foreign Petroleum Exploration Company (KUFPEC) ............................. 23 Kuwait Petroleum International Limited (KPI) ............................. 24 Corporate Contact ............................. 25 H.H. SHEIKH NAWAF AL-AHMAD AL-JABER AL-SABAH THE CROWN PRINCE MISSION KUWAIT’S OIL HISTORY Kuwait Petroleum Corporation (KPC) is a corporation of The Kuwait desert has long stood witness On March 5th, 1975, the State of Kuwait and the economic character, run on a commercial basis and fully to several strange black patches of a rough two foreign oil companies that had held owned by the State. It is one of the world’s major oil bituminous substance, but not until the the State’s oil concession for 41 years, British & gas companies and its activities are focused on matter was investigated in 1935 did it become Petroleum and Gulf Oil, signed an agreement petroleum exploration and production, refining, marketing, apparent that the wealth of Kuwait had that gave Kuwait complete control of its oil petrochemicals, and transport. remained underground for years and was yet to resources. The agreement came into effect on be discovered. December 6th, 1975 and the nationalisation KPC’s mission is to manage and operate these integrated of Kuwait's oil industry began a new era in activities worldwide in the most efficient and professional An oil concession was granted to the former its history. manner, in addition to growing shareholder value whilst Kuwait Oil Company Limited, a joint venture ensuring the optimum exploitation of Kuwaiti hydrocarbon between the Gulf Oil Corporation (presently In 1980, Kuwait’s oil industry was revolutionised VALUES VALUES resources. Chevron Oil) and the Anglo-Persian Oil when the state-owned companies responsible Company (presently BP) on December 23rd, for the country’s oil production, refining Motivating Environment Motivating Environment KPC has an important role in contributing to the support 1934. and transport, came under the control of and development of the Kuwaiti economy, develop national Kuwait Petroleum Corporation, a new Customer Satisfaction manpower, maintaining superior commercial and technical On June 1st, 1935, a technical study that was independent entity formed to safeguard and expertise and proactively managing the environmental, Teamwork carried out by Cox and Rhoades titled “Report promote Kuwait’s oil interests through health and safety aspects related to KPC’s business. on the Geology and Oil Prospects of Kuwait integrated planning, financing, purchasing and Trust Territory” heralded the discovery of oil. marketing systems. Commitment to HSE VISION Geological surveys were carried out and the Company drilled in the Burgan area through Honesty, Integrity and Transparency Be a highly profitable and performance driven company. 1937 and early 1938. Quality and Excellence Contribute significantly to the support and development of Oil was discovered in the Burgan field on Innovation, Responsiveness the Kuwaiti economy. February 22nd, 1938. Strengthen the world class reputation of all KPC’s With the onset of World War II, Burgan’s operations. development was interrupted and commercial production did not begin until June 30, 1946, Encourage continuous learning in all areas related to KPC’s when H.H. the late Sheikh Ahmad Al-Jaber business. Al-Sabah turned a silver wheel to start Kuwait's first crude oil export through an offshore Become a regional leader in HSE performance. pipeline to the tanker British Fusilier. Apply the latest and the most appropriate technologies in KPC’s operations. KUWAIT PETROLEUM CORPORATION Kuwait Petroleum Corporation (KPC), was founded in 1980 as an umbrella organisation that manages the State of Kuwait’s diversified oil interests. The Corporation offers an integrated portfolio of upstream and downstream services through its subsidiary companies, each of which operates a different oil service activity from onshore and offshore exploration and production through refining, petrochemicals, marketing and retailing and marine transport. KPC’s core business is to set strategic guidelines for the international marketing, sale and transport of crude oil and refined products to key markets. KPC also has regional offices located around the world to represent the Corporation’s growing marketing interests worldwide and its aim to reach future key markets. The offices are located in Houston, London, Mumbai, Tokyo, Singapore, Pakistan and China. www.kpc.com.kw EXPLORATION, DRILLING & PRODUCTION Kuwait Oil Company (KOC), established in 1934, is responsible for the exploration, development and production of hydrocarbon reservoirs within the State of Kuwait. KOC is also involved in the storage of crude oil and delivery to refineries and tankers for export. Following exploration and drilling operations, crude oil is separated from natural gas and water at gathering centres. The oil is then pumped along to the main manifold in Ahmadi, where it is stored in the North and South Tank Farms for transfer, either to the refineries, or to the export facilities at North Pier and Single Buoy Mooring at Mina Al-Ahmadi port. Newly-collected, rich condensate gas and vapour gas travels from different oil fields via gas booster stations to the LPG plant at Mina Al-Ahmadi refinery, where its hydrocarbons and other valuable products are extracted. The resulting lean gas is fed back into the distribution network, and used to fuel power stations and the plants at KNPC and PIC. www.kockw.com NORTHERN OIL FIELDS DEVELOPMENT Oil Development Company (ODC), established in 2005, assumes the execution of the Operational Services Contract (Kuwait Project) with the qualified consortium of international oil companies to develop the northern oil fields of Kuwait: Rawdatain, Sabriyah, Ratqa and Abdali. The Company oversees all operational services run by the consortium and verifies them according to the contract. On the technical level, ODC’s goal in developing the four fields is to improve reservoirs management applications, increase natural hydrocarbon resource’s economic outcome and rationalize cost. On the career development level, the Company seeks to provide training and job opportunities, apply modern management methods and carry out research and development activities. www.odckw.com REFINING AND LOCAL MARKETING Kuwait National Petroleum Company (KNPC), established in 1960, manages and operates the refineries and locally markets fuel through its chain of filling stations. KNPC Refineries: Mina Al-Ahmadi Refinery includes the Sulphur Storage and Handling Facility. Mina Abdulla Refinery includes the Delayed Coker Units. Shuaiba Refinery includes the H-Oil Unit for the treatment of heavy residues. Al-Zoor Refinery, which is due for completion in 2010, will stand as the largest and most modern refining facility in the Middle East. The Company’s refineries produce gas, naphtha, domestic kerosene and jet fuel kerosene (ATK), gasoline, fuel oils and other by-products such as sulphur, petroleum coke and bitumen. Pipelines from the refineries carry gasoline to the two depots in Sabhan and Al-Ahmadi, naphtha and sulphur to PIC, jet fuel to KAFCO, liquefied petroleum gas to the Gas Filling Plant and fuel oils to the country’s power generating plants. www.knpc.com.kw PETROCHEMICALS Petrochemical Industries Company (PIC), established in 1963, manages three liquid ammonia plants, three urea plants, and a polypropylene plant. PIC established EQUATE Petrochemical Company as a joint venture with Union Carbide Corporation, a subsidiary of The Dow Chemical Company, each holding a 42% share. Other joint owners are Boubyan Petrochemical Company, which holds a 10% share, and the Qurain Petrochemical Industries Company in Kuwait, which holds a 6% share. Equate operates a state-of-the-art petrochemical complex which produces ethylene, polyethylene and ethylene glycol. Another local venture is a 10% share in Qurain Petrochemical Industries Company. On the international front, Petrochemical Industries Company is a joint owner of EQUATE Marketing Company in Bahrain with a 49.9% share. PIC has also formed two 50/50 joint ventures with the Dow Chemical Company: MEGLobal and Equipolymers. Other company investments include: 33.3% share in Gulf Petrochemical Industries Company in Bahrain, 30% share in Sino-Arab Chemical Fertilizer Company in China. Major future joint ventures include the building of an aromatics plant, an olefins complex and a styrene plant. www.pic.com.kw MARINE TRANSPORT Kuwait Oil Tanker Company S.A.K. (KOTC), established in 1957, owns and operates one of the largest fleets in the world. KOTC’s fleet comprises of petroleum product tankers, crude oil tankers, liquefied gas tankers, bunker barges and
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