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Kuwait Petroleum International

Oil company

Field	Value
name	Kuwait Petroleum International Ltd
logo_size	120px
image	Q8, Diddenuewenerstrooss, Hesper-101.jpg
image_caption	Q8 filling station
trading_name	Q8
type	Subsidiary
industry	Petroleum
founded
founder	Kuwait Petroleum Corporation
hq_location_city	Al Kuwait
hq_location_country	Kuwait
area_served	Worldwide
products	Filling stations
owner	Kuwait Petroleum Corporation (100%)
parent	Kuwait Petroleum Corporation
subsid	{{Unbulleted list
website

Kuwait Petroleum International (KPI), commonly known as Q8 (pronounced Cue-Eight, which sounds like "Kuwait" in a British accent), is the international subsidiary of Kuwait Petroleum Corporation. It refines and markets fuel, lubricants and other petroleum products in Europe.

Established in 1983, it supplies 4,000 retail filling stations, as well as direct sales operations delivering fuel and heating oil to domestic and industrial users. Q8 also operates an International Diesel Service - a secure fuel card service supported by automated technology for international road transportation companies - in more than 700 located sites throughout Europe. Q8 also has a significant aviation business marketing jet fuel at more than 40 airports worldwide and a lubricants business with five lubricants blending plants, direct sales and marketing activities across Europe and export sales to over 75 countries worldwide.

History

1938 Discovery of oil in Kuwait
1975 Nationalisation of oil wells in Kuwait
1980 Foundation of Kuwait Petroleum Corporation
1983 Foundation of Kuwait Petroleum International - Acquisition Gulf Oil in the Benelux, Sweden and Denmark
1984 Acquisition of Gulf Oil in Italy
1986 Acquisition of Hays Petroleum Services (which had previously been owned by the Kuwait Investment Office, and used the Pace Petroleum brand) and Ultramar in the UK - Introduction of the Q8 brand
1987 Acquisition of BP in Denmark
1987 Acquisition of the Soviet-controlled Nafta in Britain
1990 Acquisition of Mobil Oil in Italy
1997 Joint Venture with Agip - Milazzo refinery in Sicily
1998 Joint Venture OK Petroleum and KPI in Sweden, establishing the OKQ8 brand
1998 Acquisition of BP retail Belgium
1999 Acquisition of Aral Belgium
2004 Acquisition of Tango unmanned sites from Petroplus in the Netherlands (62 sites), Belgium (4 sites) and Spain (1 site); these are typically now branded "Q8 Easy"
2004 Sale of UK operations to a consortium operating under the name Pace Petroleum
2005 Sale of Thai operations to the Malaysian company Petronas
2006 Sale of German operation (which had 37 service stations under the Markant brand) to Westfalen
2017 A joint venture between Kuwait Petroleum International and OQ was announced for the development of Duqm Refinery and Petrochemical Complex. In the same year, OQ's subsidiary, Oman Tank Terminal Company (OTTCO), began construction of a crude oil storage terminal near Raz Markaz.

The company's logo represents a dhow, a traditional Arab sailboat. The colours yellow, red and blue symbolise the desert, sun and sea respectively.

References

"Q8". Q8.
(11 November 2008). "Kuwait Japan joint oil refinery project in Vietnam". SteelGuru.
NS Energy. "Duqm Refinery and Petrochemicals Project".
"Ras Markaz Crude Oil Storage Terminal - Hydrocarbons Technology".

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

oil-and-gas-companies-of-kuwait non-renewable-resource-companies-established-in-1986 kuwaiti-companies-established-in-1986 kuwait-petroleum-corporation government-owned-companies-of-kuwait

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