Kuwait National Petroleum Company

Published January 18th, 2011 - 09:11 GMT

Kuwait National Petroleum Company (KNPC) was established in October 1960 as a shareholder company owned by the government and the private sector.

In 1968 the company commissioned its own "Shuaiba Refinery" and in May of the same year, the first shipment of refined petroleum products was exported from Shuaiba Refinery. Shuaiba Refinery is the world's first all hydrogen refinery. It's capacity is 195,000 Barrels per day.In 1975 the company became a fully owned state company. 

After the creation of Kuwait Petroleum Corporation in 1980, KNPC became fully owned by Kuwait Petroleum Corporation (KPC) which itself is owned by the State of Kuwait.